Charlie speaks with David Tse, co-founder of Babylon Chain, how he is leveraging Bitcoin’s security to enhance proof-of-stake (PoS) systems. Tse explains that Babylon Protocol is a cross-chain protocol allowing Bitcoin’s security to be shared with PoS chains and roll-ups, addressing significant challenges like slow onboarding times, censorship resistance, and difficulties in bootstrapping small chains.
Tse shares his journey into blockchain, his research background in telecommunications, genomics, and algorithmic development. This cross-domain expertise led him to approach problems from a first-principles perspective, enabling him to contribute to various fields, including blockchain.
The conversation also covers the potential impact of Babylon Chain on the cryptocurrency ecosystem. Tse emphasizes that the protocol could revolutionize how PoS chains are launched by providing a strong security foundation through Bitcoin staking. This approach could mitigate issues of centralization and vulnerability in new chains, offering a more secure and scalable solution.
Charlie and Tse discuss the broader implications for Bitcoin holders, suggesting that Babylon Chain could introduce a new era where Bitcoin holders play a more active role in securing the network, potentially earning yield in a low-risk manner. This innovation could significantly impact both the Bitcoin and broader crypto ecosystems.
David also reflects on the original Bitcoin whitepaper from the perspective of a researcher.
