Babylon Kickoff Phase 2: Paving the Way for Bitcoin’s Proof-of-Stake Future
Babylon is launching its Phase-2 testnet, bbn-test-5, on January 8, 2025, with key features like upgraded staking, collaboration opportunities, and the integration of Bitcoin finality. The testnet focuses on interoperability, with Bitcoin PoS and Signet Bitcoin stakes involved. Developers, stakers, and wallets can test new functionalities and deploy smart contracts. Faucets for Signet Bitcoin and tBABY tokens will support testnet participation. Stakers can migrate Phase-1 stakes and create new ones, with fast unbonding times. The testnet also ensures network security and transaction integrity, while participation is restricted in certain regions.
2025-01-07Read