Babylon: L1 blockchain Babylon Genesis has been officially launched

Babylon announced on the X platform that the Layer 1 blockchain Babylon Genesis, which is backed by Bitcoin, has been officially launched. It is reported that this is the second phase of Babylon's launch of the Bitcoin staking protocol. Previously, it was announced that Babylon Bitcoin staking will be launched in three stages. The first stage is to lock in Bitcoin staking to expand supply. The second stage is to launch Babylon Genesis, a Layer 1 blockchain based on Cosmos SDK. The third stage is to launch other BSNs (which will allow other networks to access Bitcoin staking security and liquidity through Babylon Genesis).