PANews reported on January 7 that according to official news, Bitcoin staking protocol Babylon announced that it will launch the second phase of the testnet on January 8. The second phase of block production will start at 9:00 am UTC time (17:00 Beijing time on January 8), and the equity staking network application will be launched at 10:00 am UTC time (18:00 Beijing time on January 8). This phase will focus on testing the migration registration of the first phase of Signet Bitcoin staking, as well as the interaction with various protocol participants, including Bitcoin pledgers, final confirmation providers, validators, Liquid staking protocols, etc.
The testnet supports permissionless smart contract deployment, with a single pledge limit of 0.0005-350 Signet BTC and an unbinding period of about 16-17 hours (100 Bitcoin blocks). The project is open to global testing, but users in the United States, Canada, Australia and mainland China are restricted from participating.
