CandleFocus Babylon Labs Brings New Momentum to Bitcoin ZK Tech Through Bridge to Cosmos Chains
2025-01-10
Author: Content Editor
Babylon Labs, the developer of the largest BTC staking protocol, is collaborating with Fiamma to create a trust-minimized Bitcoin bridge using the Cosmos network. This bridge aims to improve the interoperability of Bitcoin with other blockchains by employing the BitVM2 computing paradigm, which enables Ethereum-like smart contracts on Bitcoin and supports zero-knowledge technology. This move is part of a broader effort to unlock the value stored in BTC and enable its use on blockchains that are not limited by Bitcoin's speed and scale. Babylon's Bitcoin staking protocol, with a TVL of $5.5 billion, allows BTC to be used for securing other protocols and decentralized applications. The introduction of BitVM2's predecessor in 2023 was seen as a breakthrough for making Bitcoin more programmable and enabling faster and cheaper transactions without compromising security. This advancement has sparked enthusiasm among developers building projects on Bitcoin, including those focused on bridging to other networks.
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