Babylon is a new Cosmos project whose vision is to use the security of Bitcoin to enhance the security of Cosmos blockchain zones and other PoS chains.
Babylon uses Interblockchain Communication (IBC) technology to exchange data between different Cosmos zones. As part of the Babylon project, data can be transferred between the Babylon chain, other Cosmos zones, and the Bitcoin blockchain.
One of the key components of Babylon is the Babylon chain, which is the Cosmos zone. It serves as an intermediate layer between other Cosmos zones and the Bitcoin blockchain. The Babylon chain receives information from other Cosmos zones about transactions that need to be protected and sends them to the Bitcoin blockchain to be saved as checkpoints. Thanks to this, transactions on other Cosmos zones are protected using the security of the Bitcoin blockchain.
Overall, the Babylon project has great potential to improve blockchain security and empower users. Using Bitcoin as a source of trust and security could solve some of the current limitations on PoS blockchains and expand their capabilities. Although the project is still under development, its future looks promising and we can expect more news and details as the project develops.