We're excited to announce that Manta Network is integrating the Babylon Bitcoin staking protocol to become a Bitcoin Secured Network (BSN)!
Manta Network is a Layer-2 solution that provides privacy and scalability for dapps. Manta is the largest modular L2 secured by Celestia DA with over 200 projects in its ecosystem.
By integrating with Babylon, Manta Network will become a Bitcoin Secured Network (BSN) and will leverage Bitcoin's security to strengthen its network. This integration allows Manta Network to benefit from Bitcoin's robust security model without requiring users to bridge or wrap their BTC holdings.
What are Bitcoin Secured Networks (BSNs)?
BSNs are decentralized networks that leverage the Babylon protocol to use Bitcoin as their security foundation. This is achieved through Bitcoin staking, where users can stake their BTC to support the BSN.
Becoming a BSN offers several advantages:
- Security: Leverage the Babylon Bitcoin staking protocol to use Bitcoin's unparalleled security without intermediaries or bridges.
- Increased decentralization: Inherit the decentralized nature of Bitcoin, making them more resilient and censorship-resistant.
- Access to liquidity: Tap into Bitcoin's $2 trillion liquidity, opening up new opportunities for users and developers.
- Fast finality: Benefit from quicker confirmation times, especially for rollups like Manta Network.
Looking Ahead
If you are inspired by the potential of Bitcoin Secured Networks and envision bringing Bitcoin security and liquidity to your project, contact us today!
About Manta Network
Manta Network is the First and largest modular L2 scaling solution on Ethereum. It offers unparalleled throughput and resiliency to power over 200 applications live on the network. Combined with a suite of tools to quickly build and deploy applications, Manta Network provides the best-in-class environment for decentralized applications focused on scaling to a global user base. Manta is currently one of the cheapest L2s on the market.
Manta Network was created by a team of experienced founders from prestigious institutions, including Harvard, MIT, and Algorand. Manta Network has received investments from many of the top web3 investment funds, including Binance Labs and Polychain Capital. It has grown through participation in the best Web3 accelerators, including Alliance DAO and Berkeley Blockchain Xcelerator.
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About Babylon Labs
Babylon Labs focuses on Bitcoin security-sharing protocols with a vision of building a Bitcoin-secured decentralized world. The latest software development is the world's first trust less and self-custodial Bitcoin staking protocol, which enables Bitcoin holders to stake their BTC on other decentralized systems such as PoS chains, L2s, Data Availability (DA) layers, etc, enabling stakers to earn staking rewards without the need for third-party custody, bridge solutions, or wrapping services. The greater idea is to combine the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, increasing Bitcoin's utility.
For more information about Babylon Labs, a developer of the Babylon Bitcoin staking protocol, please visit:
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