A New Chapter for Bitcoin — Recap of Bitcoin Renaissance 2024

March 26, 2024

Bitcoin Renaissance, an ETHDenver side event co-hosted by Babylon, was a resounding success that marked an exciting new chapter in the evolution of Bitcoin's ecosystem. The Babylon team is immensely grateful to all participants, from co-hosts BOB, OKX, and Polygon to all the sponsors for making this a groundbreaking event.

Bitcoin Renaissance brought together the brightest minds building in Web3, including Ryan Selkis (Messari founder), Ryan Fang (Ankr founder), Jia Yaoqi (AltLayer founder), Robin Linus (BitVM), Dan Held, Nic Carter, and many other leading figures. Over 1500 people attended the event, all united to explore synergies between Bitcoin, Proof-of-Stake (PoS) chains, and other ecosystems—ushering in a new era for Bitcoin!

Introducing Babylon at Bitcoin Renaissance!

The conference started with a keynote from Babylon's Co-Founder David Tse about Bitcoin, challenges, opportunities, and the future of BTC as a yield-bearing asset and introduced Babylon’s trustless Bitcoin staking protocol.

This groundbreaking innovation enables BTC holders to earn yield trustlessly by staking their assets and securing PoS chains without the assets ever leaving the Bitcoin chain.

David Tse put it best:

“There is a way for Bitcoins to tap into this native earning opportunity of staking, even though Bitcoin is a proof of work chain. Our solution is the world's first trustless Bitcoin staking protocol. In this protocol, we can enable any Bitcoin holders to lock the Bitcoin on the Bitcoin chain trustlessly and, at the same time, secure any proof of stake chain in the world. This is the protocol that we built.”

David Tse’s talk was followed by an insightful panel discussing the synergies between Bitcoin and proof-of-stake ecosystems from key thought leaders like Sunny Aggarwal (Osmosis), Sandeep Nailwal (Polygon), Jehan Tremback (Cosmos Hub), Jeff Ren (OKX Ventures) and Dovey Wan (Primitive Ventures). They shared their visions for leveraging Bitcoin's security and adoption to drive innovation in the Web3 world.

The panel discussion #1 - Bitcoin and PoS Ecosystem Synergy featuring Sandeep Naliwal (Co-Founder, Polygon), David Tse (Co-Founder, Babylon), Sunny Aggarwal (Co-Founder, Osmosis), Jehan Tremback (Cosmos Hub), Jeff Ren (OKX Ventures Partner), Dovey Wan (Founder, Primitive Ventures) and Moderator Nic Carter (Founding Partner, Castle Island).

Other Highlights of the Bitcoin Renaissance

Muneeb Ali from Stacks presented a keynote, “Bringing Bitcoin to a Billion People with Bitcoin Layer 2s”. Other highlights included keynotes from Alexei Zamyatin (Build on Bitcoin) on modular Bitcoin rollup designs leveraging technologies like merge-mining and bit VM and a panel exploring various scaling approaches for Bitcoin, such as Layer 2s, bridges, rollups, and Bitcoin DAOs (decentralized autonomous organizations). The thought-provoking discussions showcased the immense potential of Bitcoin's future potential in DeFi and the convergence with systems like Polygon’s Zero Knowledge Proof verifiability.

The Bitcoin Renaissance event was a testament to the crucial role that collaboration and interoperability between networks and systems will play in driving blockchain innovation and adoption in the years ahead.

The panel discussion #2 - Bitcoin's Layer 2 Solutions featuring Matt Luongo (Founder, tBTC protocol), Robin Linus (Co-Founder, ZeroSync & Inventor, BitVM, Edan Yago (Sovryn Co-founder), Dominik Harz (Co-Founder, BOB), Orkun Mahir Kılıç (Co-Founder & CEO, Chainway Labs) and Moderator Dan Held, (Bitcoin Educator).

Quotes from Major Participants

Bitcoin Renaissance gathered together the brightest minds in the ecosystem; below are some important quotes from the panel discussions that took place.

"Bitcoin will be the money of the Cosmos ecosystem." - Sunny Aggarwal, Osmosis

"We want to use Bitcoin for settlement, custody, and storage while leveraging its dominant network for innovation." - Alexei Zamyatin, Build on Bitcoin

"The most exciting thing for polygon is that if we can be the bridge which brings these two communities together (Ethereum and Bitcoin)" - Sandeep

Conclusion

The Bitcoin Renaissance event marks a pivotal point for Bitcoin, with leading projects and builders uniting to discuss their efforts in unleashing the next wave of innovation on the chain.

At Babylon, we’re paving the way for a future where Bitcoin's security and liquidity can power Web3’s ecosystem of PoS networks. We thank all the participants, from the audience to the sponsors, who came and participated. Bitcoin Renaissance made it clear that Bitcoin's story has only just begun!

View the entire event from start to finish here!

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