The precise amount of ABCDE’s investment in the Bitcoin staking infrastructure project Babylon has not been made public. As previously reported by Foresight News in July, Babylon plans to introduce a Bitcoin staking protocol and publish the first public version of its LitePaper on the Babylon forum in order to secure Bitcoin for use in Proof of Stake (PoS) networks and decentralised apps (DApps).
By staking their Bitcoin, users of the protocol can receive incentives and strengthen the security of DApps and PoS chains. DApps and PoS chains have the option to incorporate the Bitcoin-supported economic security mechanism. The protocol may be effortlessly implemented on the current Bitcoin network and does not require cross-chain, anchoring, or any kind of third-party custody.