{"name":"acf\/babylon-featured-top","data":{"babylon_enable_section":"1","_babylon_enable_section":"field_6450ca76cc556","featured_post":{"postData":[{"ID":"cG9zdDozMTk3","post_slug":"\/news\/babylon-groundwork-accepted-by-top-security-conference\/","post_title":"Babylon Groundwork Accepted by Top Security Conference","post_date":"December 10, 2022","post_content":"\n

$\"\"$ <\/figure>\n\n\n\n

The research paper underpinning the Babylon system, entitled \"Bitcoin-Enhanced Proof-of-Stake Security: Possibilities and Impossibilities\", has been accepted<\/a> by the 2023 IEEE Symposium on Security and Privacy, one of the very top security conferences in the world with strict peer-review and an exrtremely low acceptance rate of 12%.<\/p>\n\n\n\n

In this paper, we revealed fundamental security limitations of PoS (proof-of-stake) blockchains that cannot be resolved without an external source of trust. We then proposed the Babylon protocol, which leverages BTC (Bitcoin) as the external source and resolves these limitations through BTC timestamping. We formally proved Babylon's optimality.<\/p>\n\n\n\n

This paper results from close collaborations between Prof. David Tse (Stanford University and Babylon) and Prof. Sreeram Kannan (U. Washington and EigenLayer) and their colleagues.<\/p>\n\n\n\n

The arxiv version of the paper can be found here: <\/p>\n\n\n\nhttps:\/\/arxiv.org\/abs\/2207.08392\n","post_excerpt":"The research paper underpinning the Babylon system, entitled “Bitcoin-Enhanced Proof-of-Stake Security: Possibilities and Impossibilities”, has been accepted by the 2023 IEEE Symposium on Security and Privacy, one of the very top security conferences in the world with strict peer-review and an exrtremely low acceptance rate of 12%. In this paper, we revealed fundamental security limitations","post_thumnnail":"https:\/\/babyloncha1stg.wpengine.com\/wp-content\/uploads\/2022\/12\/sp23-150x128.jpg","post_full":"https:\/\/babyloncha1stg.wpengine.com\/wp-content\/uploads\/2022\/12\/sp23.jpg"}]},"_featured_post":"field_6450ca9dcc557","starter_kit_section_padding":"","_starter_kit_section_padding":"field_5f3e0f86a2634","starter_kit_padding_type":"p-medium","_starter_kit_padding_type":"field_5f8584c998bc2"},"mode":"edit"}

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Babylon Groundwork Accepted by Top Security Conference