The Cosmos ecosystem project Babylon is now live on the testnet

ChainCatcher news, according to The Block, the project Babylon, which aims to bring Bitcoin security to the Cosmos ecosystem, has now launched on the testnet and will roll out a second testnet this summer before launching the mainnet by the end of the year.

It is reported that Babylon works as an intermediary between chains that require additional security and Bitcoin, obtaining block headers from the chains using its services and writing these block headers to the Bitcoin blockchain. Validators running Babylon are rewarded with the native tokens of Babylon's chain and will also receive rewards in Babylon's native tokens. (Source link)