Protocol Village: Babylon Unveils Bitcoin Staking Protocol for Cosmos Ecosystem

Oct. 2: Babylon plans to unveil at Cosmoverse its “Bitcoin Staking Protocol MVP,” according to a message from the team. The release “aims to utilize the vast untapped potential of idle Bitcoins, allowing them to boost the economic security of Proof of Stake (PoS) chains and decentralized applications (dApps). Babylon’s protocol connects decentralized trust to earn yield, gaining support from prominent Cosmos chains. It addresses the limitations of PoS chains by enabling them to stake bitcoin (BTC) instead of native tokens, enhancing security and reducing inflation pressure. Babylon’s approach seamlessly integrates Bitcoin staking with various PoS protocols, expanding Bitcoin’s utility. The MVP showcases this technology’s first implementation, with plans for adoption in ecosystems like Cosmos, where the demand for Bitcoin staking is evident.” $BTC $ATOM

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Taurus puts Internet Computer Protocol on custody platform

Oct. 2: Taurus, a platform for managing digital assets, has entered into strategic collaboration with Dfinity Foundation, a major contributor to Internet Computer Protocol (ICP), according to a message from the team. “Taurus will integrate Internet Computer Protocol to its custody platform. Taurus’ clients will be able to have custody of the Internet Computer’s native ICP token and collect staking rewards using Taurus-PROTECT. In addition, Taurus has expanded Taurus-EXPLORER, its blockchain connectivity infrastructure, to support the Internet Computer blockchain.” $ICP

Space and Time ‘Proof of SQL Verifier’ to run on Chainlink

Oct. 2: Space and Time (SxT), a Web3 data warehouse, announced at Chainlink’s SmartCon conference this week that its “Proof of SQL, a zk-proof for SQL queries, will natively run its zk-Verifier on Chainlink nodes, enabling verifiable, zk-proven query results for smart contracts, AI models, and enterprises,” according to a message from the team. “SxT is now the preferred data warehouse solution for the Chainlink ecosystem, with this integration enhancing trustlessness and decentralization. The Proof of SQL Verifier will run natively on Chainlink nodes, allowing the Chainlink Network to reach consensus on untampered query results.” $LINK

‘New Bitcoin City’ debuts as social app

Oct. 2: New Bitcoin City, which describes itself as “the first Bitcoin social app” or the “Friend.tech of Bitcoin,” publicized last week on X (Twitter) that it was open to sign-ups.