Babylon Integrates with Web3 Data Infrastructure Provider KYVE
A leap towards secure and interoperable Web3 data infrastructure with Bitcoin security and Babylon’s innovative security architecture
As Web3 continues to grow and expand, it has become increasingly harder for users to access decentralized, accurate data that has gone through a proper validation process. Our data infrastructure systems have a long way to go in becoming more trustless and secure. Decentralized data infrastructure platform KYVE Network is leading the charge on ensuring reliable, accurate and decentralized data by providing fast and easy tooling for decentralized data validation, immutability and retrieval.
Babylon is excited to announce its testnet integration with KYVE, bringing improved transaction security as well as the option of lower bonding periods to the KYVE Network. This collaboration aims to strengthen the security and interoperability of the KYVE data infrastructure while leveraging Babylon’s innovative security architecture.
KYVE: An Overview
KYVE is a Proof of Stake Layer 1 blockchain built with the Cosmos SDK, serving as a vital data asset to the world of decentralized applications. Its structure is comprised of two layers: the Consensus Layer, the backbone of KYVE, and the Protocol Layer, which underpins KYVE, a decentralized data lake. Together, they provide a decentralized solution for data validation, immutability, and retrieval, tackling the problems of data access and accuracy that are prevalent in the Web3 space.
Strategically designed to revolutionize data validity and access, KYVE Network introduces a more secure and trustless infrastructure. Its protocol validators ensure the collection, bundling, storing, and validation of data, paving the way for the formation of a decentralized Web3 data lake.
More Secure and Interoperable Data Infrastructure
This integration with Babylon enhances KYVE’s already robust system by introducing Bitcoin’s security as a timestamping server. Through Babylon’s Bitcoin Timestamping Protocol, events from other blockchains are timestamped onto Bitcoin, allowing these events to gain the same security benefits as Bitcoin transactions.
Additionally, this integration facilitates accelerated stake unbonding process. While unbonding requests on the Cosmos chain typically take 21 days, Babylon’s Bitcoin security ensures that users only need to wait for the Bitcoin timestamp of their unbonding request transaction to be confirmed on Bitcoin with sufficient depth, a process that takes merely a day.
Moreover, Babylon eliminates the need for a lengthy trust period. Once Bitcoin timestamps are in place, users can easily distinguish between the normal chain and any potential attack chains, which would have a later Bitcoin timestamp. By using BTC’s block time, Babylon also offers reliable timekeeping for the unbonding process. What the Babylon integration brings to KYVE in terms of stake unbonding is a secure and reliable unbonding process regardless of how long or short KYVE desires.
Lastly, this integration merges the long-range security of Bitcoin’s Proof-of-Work with the short-range security of Proof-of-Stake chains. Bitcoin’s impressive PoW mining power provides reliable and irreversible timestamps, leading to an immutable ledger. Babylon extends this security to the KYVE chain by allowing their blocks to be timestamped onto the Bitcoin network. This innovative approach arguably renders the integrated Cosmos zones as the most secure PoS chains globally, as it combines the best of both PoS and PoW security mechanisms.
The Future of Web3 Data Infrastructure
Both KYVE Network and Babylon share a vision of a secure, interoperable, and community-owned future for the blockchain ecosystem. This collaboration signifies an important milestone in the evolution of decentralized data infrastructure platforms. Babylon’s integration will take KYVE to the next level, guiding the web3 data landscape towards increased trust, security and decentralization.
About Babylon
At Babylon, we envision a future where Bitcoin and Proof-of-Stake (PoS) chains thrive together. Our 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.
Babylon is a project that designs security protocols for the decentralized world. Babylon’s origins come from a research paper about Bitcoin security, an original work co-authored by our co-founders, David Tse and Fisher Yu, the founder of EigenLayer, Sreeram Kannan and co-authors. In a testament to our dedication to advancing the field, our research paper has been accepted by the highly-respected 2023 IEEE Symposium on Security and Privacy — a significant global platform for security discourse.
The project is led by a team of consensus protocol researchers from Stanford and experienced layer 1 engineers from around the world. Babylon’s mission is to scale Bitcoin to secure the decentralized world. To achieve this, Babylon utilizes the three primary facets of Bitcoin: Bitcoin as an asset, its reliable timestamping service, its most censorship-resistant blockspace in the world. To leverage these facets, Babylon is developing three innovative security-sharing protocols: Bitcoin Staking Protocol, Bitcoin Timestamping Protocol, and Bitcoin Data Availability Protocol. Through these pioneering protocols, Babylon envisions a more secure and decentralized future.
