Bitget Wallet integrates Babylon Bitcoin Staking Mainnet
Victoria, Seychelles, August 22, 2024, Chainwire
Bitget Wallet, a leading Web3 wallet, has integrated support for the Babylon Bitcoin Staking Mainnet and has launched a dedicated dapp unit for the Babylon ecosystem within the wallet. This development simplifies the Bitcoin staking process, allowing users to easily load BTC through Babylon with a single click on Bitget Wallet and earn rewards while contributing to the security of PoS networks.
Babylon is a project that designs Bitcoin security sharing protocols with a vision of building a decentralized world with Bitcoin. Its latest development is the world's first trustless and self-protecting Bitcoin blockchain protocol, which allows Bitcoin owners to share their BTC across Proof-of-Stake (PoS) systems such as PoS chains, L2s, Data Availability (DA) layers, etc. Enabling product access without the need for third-party protection, bridging solutions or packaging services. Babylon's approach combines Bitcoin's high security and widespread adoption with the efficiency and effectiveness of a PoS system to increase the utility of Bitcoin.
Bitget Wallet is committed to building a comprehensive Bitcoin ecosystem and has emerged as a leader in this space. The wallet currently supports BTC asset display, transfers, swap transactions, OTC trading and BRC20 and ARC20 formats with market data. Additionally, Bitget Wallet has updated its Launchpad feature to support BRC20 asset launches, providing users with new assets and opportunities. The integration of the Lightning Network and other Layer 2 solutions provides convenient services for users to enter the Bitcoin Layer 2 ecosystem. By incorporating staking functionality, Bitget Wallet continues to support the continued growth of Bitcoin by turning it into a dynamic value that plays a critical role in the security and growth of decentralized networks.
Bitget Wallet is planning to cooperate with Babylon during the Cap2 phase of the main network staking reward program, which will give users more opportunities to earn rewards, which will further increase the benefits of participating in the Bitcoin staking ecosystem.
Alvin Khan, COO of Bitget Wallet, emphasized the importance of this collaboration: “By integrating with Babylon, we are driving innovation in the blockchain space in addition to ensuring the highest level of security for our users. This integration allows our users to maximize their wealth growth while actively contributing to the security of blockchain networks.
About Bitget Wallet
Bitget Wallet is one of the world's leading non-custodial Web3 wallets and decentralized ecosystem platform. With the Bitget Onchain Layer, the wallet is well-positioned to foster a growing DeFi ecosystem through co-creation and strategic incubation. In addition to powerful swap functionality, Bitgate Wallet offers multi-chain asset management, smart currency insights, a native launchpad, a scripting center, and a revenue center. Supporting over 100 major blockchains, 250,000+ tokens and a wide collection of DApps, Bitgate Wallet is the top wallet for asset discovery and Web3 search.
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