B² Network announces strategic partnership with Babylon

According to official sources, the Bitcoin Layer 2 Network B² Network and the Bitcoin collateral protocol Babylon have announced a strategic partnership to enhance the security of B² Network and to promote the development of Bitcoin collateral and re-collateralization. As a PoS network, B² Network will improve the security of B² Hub consensus through Babylon's Bitcoin collateral protocol. B² Hub will add Babylon Finality Provider as a checkpoint in block confirmation and use the Bitcoin Timestamping Protocol to achieve final confirmation on the Bitcoin network, thereby helping B² Hub avoid long-range attacks and improve security. It is reported that B² Network's BTC collateral function will be divided into two stages. Before the Babylon BTC collateral mainnet goes online, B² Rollup will support users to use BTC to collateralize B² Hub validators and receive B² token rewards. After the Babylon BTC collateral mainnet goes online, B² Rollup will transfer users' BTC across the Bitcoin network to a specific address to participate in Babylon's BTC collateral and B² Hub's re-collateralization.