Babylon: L1 blockchain Babylon Genesis has officially launched

PANews reported on April 10 that Babylon posted a statement on X platform that the Layer 1 blockchain Babylon Genesis, which is collateralized by Bitcoin, has officially launched. It is reported that this is the second phase of Babylon's launch of the Bitcoin staking protocol.

Previous news, Babylon Bitcoin staking was launched in three stages. The first stage is to lock Bitcoin staking to expand supply, the second stage is to launch Babylon Genesis, a Layer1 blockchain based on Cosmos-SDK, and the third stage is to launch other BSNs (this will allow other networks to access Bitcoin staking security and liquidity through Babylon Genesis).