There are a few essential truths that govern accepted thinking about blockchain networks. One such truth is that, without compromises like wrapped tokens and blockchain bridges, proof-of-stake networks like Ethereum and proof-of-work networks like Bitcoin are tantamount to water and oil: They just don’t mix. 

Now, a new startup led by a Stanford professor and a former Dolby engineer is attempting to disprove that. Babylon, a project that seeks to allow users to stake Bitcoin (BTC) to validate nodes on a variety of proof-of-stake networks including Ethereum, Solana, and Polygon, is already well on its way to achieving its improbable-sounding goal.

The company just raised an $18 million funding round co-led by

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Author: Sander Lutz

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