Headlining a keynote followed by a fireside chat at @shared_security is our Chief Protocol Economist, Sankha Banerjee @BanerjeSankha, at @EthCC, Brussels.
gm, who's in Brussels for @EthCC? 🇧🇪
The Babylon team, including David @dntse, Sankha @BanerjeSankha and Sina @sina___v, are all over the panels and events this week.
Checkout the full agenda below 👇🧵
🌟"Babylon allows people to use Bitcoin to secure Proof-of-Stake chains. That's pretty exciting because being able to use Bitcoin as a PoS asset unlocks the ability for people to put it to work while holding it as a store of value."
- Jehan Tremback, @JTremback of @cosmoshub at Bitcoin Renaissance.
Looking for an incentivized testnet? Here is one: @nubit_org recently launched its incentivized testnet and raised $12M in funding.
This testnet is divided into three phases:
Phase 1: Community Assemble, which is currently live.
Phase 2: Light node quest available at the moment.
Phase 3: Testnet adventure.
Let's complete the available quests, which are pretty simple!
First, there's a straightforward Galxe quest to finish: https://t.co/t9RHX5jcoq.
There's another Galxe quest where you can earn extra points: https://t.co/PPj3K7sds0.
After completing all the galxe tasks, go over here: https://t.co/4dObCWG794. Connect your keplr wallet, click on any task that will take you to connect your galxe account, and then click on "Verify" to claim your 3000 points.
Now, the next phase, where we will be running the light node quest:
If you already have a VPS, you can use it without buying a new one.
If you don't and lack coding knowledge, you can use a rapid node to run a Nubit node, quickly obtain the pub key, and verify the task.
Go to https://t.co/j07UW21vpm and choose NUBIT.
Next, select the months you'd like to run the node (1 month is usually enough). It's similar to paying for a VPS, but they handle the maintenance for you, making it more affordable and accessible.
It costs around $5 for one month, but you can use the code "MYRON" to get 5% off.
Once your node status is "Deployed" in the active node tab, click the "🔑" icon on the right side of your subscription row to retrieve the pub key and your private information.
Wait 15 minutes before verifying the task in the dashboard.
Note: This method might take some time to get your pub key.
If you purchased from @rapidnodexyz (Which is more straightforward), you can skip the method below. You're all set!
Now, for those who have VPS, follow this.
In your VPS, paste the following command:
Installing Node on your VPS will take a few minutes. Once completed, you'll see your Nubit light node pub key.
Save all your information securely for future access.
Copy your pubkey and paste it on the website. Wait about 15 minutes after starting the light node before attempting verification.
That's all for now!
The Trailblazers: Call of Taiko Week 2 Challenge!
The campaign is forging ahead, and we’re happy to announce the Week 2 challenge! This week, we’re introducing the Robot Faction Badge & inviting you to bridge to the Taiko mainnet.
Let's dive in! 🧵👇
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🚀 Farcaster Nodes are Live & Giveaway 🚀
@farcaster_xyz is a leading decentralized social networking platform that have raised over $180M, with its primary application being Warpcast.
To celebrate, we're giving away 3 Farcaster nodes for FREE! Just like, follow, and retweet this post ✅
Head over to our dashboard and grab your slots - starting at just $35/month on longer plans ✨
https://t.co/YYjO0ju2OL
🔶🔒 Testnet-4 Cap 3 imminent!
Cap 3 of Babylon Bitcoin Staking Testnet-4 goes live on Wednesday, 19 June, 2024!
⚡️️Dashboard: https://t.co/0BvyrZaIZP
⚡️️Galxe: https://t.co/EJrIGiJd6V
This cap will be time-based, with the testnet accepting stakes for 5 days (120 hours), starting from Signet BTC block height 200,665 at approximately 9 AM UTC on Wednesday, 19 June, and lasting for 720 blocks, ending at Signet BTC block height 201,385 around 9 AM UTC on Monday, 24 June.
Based on community feedback, we have added a fee adjustment feature to the staking web dApp. This feature allows the staker to customize the transaction fee to increase the chance of their staking transaction getting included in the Signet block.
Read more about this testnet 👉
https://t.co/WiVWGiZPHd
📜Rollups have emerged as a promising solution to scalability challenges faced by L1 blockchains like Ethereum, but current architectures often sacrifice security for increased throughput.
⚡️In our new proposal, "Forkless Rollups with Bitcoin Staking," we introduce a solution that enhances rollup security by leveraging Bitcoin staking, reducing latency, and addressing the centralization bottleneck.
🧵⤵️
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