BabylonChain envisions a future where Bitcoin and Proof-of-Stake (PoS) chains thrive together. The mission is to build a Bitcoin-driven decentralized world by evolving Bitcoin into a trusted security backbone for PoS chains, delivering yields for Bitcoin holders while fostering an integrated, secure, and decentralized economy.
The genesis traces back to a transformative research paper on Bitcoin security, co-authored by founders David Tse and Fisher Yu and Sreeram Kannan, founder of EigenLayer, and other collaborators. This pivotal work was accepted by the prestigious 2023 IEEE Symposium on Security and Privacy, highlighting a dedication to advancing the field.