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Coinpaper 2024-12-17 13:32:20

LayerEdge Integrates with Babylon to Make Bitcoin Backed Internet A Reality

LayerEdge and Babylon are thrilled to announce their integration, marking a groundbreaking step in decentralized trust and zk-based settlement on Bitcoin, powering Bitcoin’s security for all layers and apps. Babylon’s Euphrates Devnet now powers LayerEdge’s architecture, unlocking a synergy that merges Bitcoin’s unmatched economic security with LayerEdge’s zk-proof aggregation technology. Together, this partnership transforms Bitcoin into a bedrock for secure, scalable, and decentralized protocols. Babylon: Unlocking Bitcoin’s Crypto-Economic Security Babylon empowers decentralized networks by allowing Bitcoin holders to stake their BTC to secure new decentralized systems, including Proof-of-Stake (PoS) chains, Layer 2 solutions, and Data Availability (DA) layers. Babylon provides: Decentralized Trust: Enabling newer chains to inherit Bitcoin’s security without compromising decentralization. Focus on Innovation: Allowing protocols to prioritize scalability, usability, and innovation while benefiting from Bitcoin-staked finality. Shared Security: Leveraging Bitcoin’s PoW model to create a secure ecosystem for emerging protocols. By leveraging Bitcoin’s economic security, Babylon ensures decentralized networks remain resilient to attacks like 51% attacks, fostering trust and scalability. LayerEdge: Powering the ZK Economy LayerEdge builds on Babylon’s security guarantees by extending its functionality to zk-powered ecosystems. With its cutting-edge zk-proof aggregation technology, LayerEdge ensures Bitcoin-backed crypto-economic security for zk protocols, appchains, and more. Key benefits of LayerEdge include: Cost-Efficient Proof Aggregation: Aggregating multiple zk-proofs into a single compact proof, reducing verification costs and on-chain footprint by up to 99%. Batching Across Chains: Supporting zk-proof batching across multiple chains and protocols, optimizing throughput and scalability while minimizing Bitcoin blockspace consumption. Preconfirmations: Providing preconfirmations within 10 seconds, enabling zk protocols to operate smoothly and securely before final settlement on Bitcoin. Modular Growth: Acting as a backbone for modular ecosystems, enabling protocols to scale seamlessly without high settlement costs. The Bitcoin ZK Powerhouse: Babylon + LayerEdge Together, Babylon and LayerEdge form the Bitcoin ZK Growth Engine, combining Bitcoin’s economic security with zk-proof efficiency to create a robust, scalable ecosystem for decentralized applications. Babylon: Delivers Bitcoin-backed security, ensuring decentralized trust for protocols. LayerEdge: Offers zk-proof aggregation, preconfirmations, and efficient settlement on Bitcoin. This synergy empowers zk protocols to innovate and scale confidently on Bitcoin, fostering new use cases, modularity, and affordability. Voices from the Team “We’re excited about LayerEdge’s launch on Babylon and what this means for zk protocols tapping into Bitcoin’s security,” said Clayton Menzel, Head of Business Development at Babylon. “This integration is a significant step in unlocking 21 million BTC to secure the decentralized economy and enabling efficient, trust-minimized settlement on Bitcoin via LayerEdge.” Ayush Gupta, Co-Founder & CEO of LayerEdge, added, “Babylon brings Bitcoin’s crypto-economic security guarantees to the LayerEdge network and our Universal Validator Set (UVS). Together, we ensure that any zk protocol can launch decentralized from day one with trust-minimized settlement on Bitcoin.” Unlocking New Use Cases for ZK Protocols The integration creates unparalleled opportunities for zk protocols and applications, including: On-Chain Gaming: Verifiable, low-latency outcomes for blockchain-based gaming. ZK Oracles: Trusted, low-cost data verification for decentralized applications. Fast Bridging: Secure, trust-minimized cross-chain transfers powered by zk aggregation. Rollups and Appchains: Instant finality and cost-efficient verification for scaling decentralized apps on Bitcoin. Identity Protocols: Efficient zk-proof aggregation for secure identity verification. Benefits for Builders Protocols and applications building on the Babylon + LayerEdge stack gain access to: Bitcoin-Backed Security: Shared security ensures protocols inherit Bitcoin’s trusted network. Cost-Effective Aggregation: zk-proof aggregation drastically reduces settlement costs. Accelerated Growth: Builders can focus on innovation, knowing their protocol is decentralized, secure, and economically scalable from day one. A Modular, Secure, and Scalable Future for Bitcoin The integration of Babylon and LayerEdge represents the next phase in Bitcoin’s evolution—transforming it into a scalable and affordable foundation for zk protocols and decentralized applications. Together, Babylon and LayerEdge are paving the way for a secure, modular, and scalable future for Bitcoin-based ecosystems, unlocking new possibilities across gaming, identity, DeFi, and beyond.

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