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Original author: BitMEX Abstract: We examine Babylon, a staking project that has attracted nearly 24,000 Bitcoins. We compare Babylon to CoreDAO, another BTC staking project, and note Babylon鈥檚 unique use of Tapscript. It is worth noting that, unlike Ordinals, Babylon does not use Taproot in a trivial way, but rather in a way that is closer to the original intention of Bitcoin developers. We ultimately conclude that whatever one鈥檚 opinion of Babylon and emerging Bitcoin staking systems, Babylon鈥檚 practice supports this view – Taproot is a clever and impressive upgrade for Bitcoin. Despite some people鈥檚 initial low expectations, Taproot is proving to be a success. Overview Following up on our August 2024 article on Bitcoin Layer 2 and CoreDAO , this article focuses on another ostensible Bitcoin L2, Babylon. As…# Analysis# bitcoin# crypto# Exchange# MarketPre
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- Original author: 1912212.eth, Foresight News Recently, the news that MicroStrategy will officially join the Nasdaq 100 Index on December 23 has attracted market attention. MicroStrategy has been h...