P2P.org Unveils Babylon Staking API for Users to Stake Bitcoin
2024-10-02

P2P.org, a staking services firm and validator for Ethereum, has unveiled the launch of Babylon Staking API for Bitcoin staking. The Babylon allows exchanges, custodians, and wallet users to securely earn rewards on their Bitcoin holdings.
Per the official release sent to Cryptonews.com, the initiative aims to attract both individual stakers and institutional investors.
Babylon’s Bitcoin staking allows BTC holders to participate in the security of Proof-of-Stake (PoS) blockchains while earning yields. The announcement read that the API prevents redirection to a third-party interface, thus enhancing the user experience.
“We are thrilled to introduce the Babylon Staking API, which represents a significant milestone in the world of cryptocurrency staking,” said Alessandro Maci, Senior Product Manager of P2P.org.
“This launch will provide our users with unparalleled opportunities to stake Bitcoin and earn rewards. We believe this will transform the way people engage with Bitcoin staking.”P2P.org’s Babylon API to Ease Operations on Bitcoin Network
Traditionally, crafting, signing, and broadcasting transactions are more time-consuming on the Bitcoin network than on other blockchains, P2P.org noted. However, it added that the Babylon Staking API would simplify these operations for developers.
Additionally, P2P has created a “public repository for signing Bitcoin transactions.” This will allow developers to manage their BTC transactions securely.
P2P plans to add more features like claiming rewards and a new tool that allows BTC holders to generate multiple BTC staking transactions from a single address.