Unlocking 21 Million Bitcoin to Secure the Decentralised Economy
summary
Claims a self-custodial Bitcoin-staking protocol that uses BTC as full slashable collateral for proof-of-stake security without bridges, relying on one-time extractable signatures to extract a private key from double-signatures and burn slashed BTC. Built a coordination control plane (Babylon) with Bitcoin timestamping and reports a testnet that timestamps 31 Cosmos chains. Promises fast three-day unbonding via timestamping, a forthcoming overlay of Bitcoin timestamping onto the testnet, and a public whitepaper and roadmap for rollout.
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chapters (13)
- 0:00Introduction
- 0:35History of Bitcoin
- 3:37Advantages of Bitcoin Staking
- 4:38Bitcoin Staking Marketplace
- 6:45Bitcoin Staking Protocol
- 8:31Bitcoin Sticker Alice
- 10:05Security Protocol
- 11:56timestamping protocol
- 12:27proof of stake
- 12:48modular design
- 13:10architecture
- 15:21timestamping
- 16:38vision
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