Bitcoin Protocol Babylon Hours Away From Opening 'Duration-Based' Staking Round

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Bitcoin Protocol Babylon Hours Away From Opening 'Duration-Based' Staking Round
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Jamie Crawley is a CoinDesk news reporter based in London.

The staking round is"duration-based," meaning it will be last for 10 Bitcoin blocks, lasting around one hour and 40 minutes, assuming an average block time of 10 minutes.

Babylon, a Bitcoin protocol which completed a staking round capped at 1,000 BTC in August, will open for business again on Tuesday with a new"duration-based" round.Users will be able to stake up to 500 BTC per transaction over 10 Bitcoin blocks, commencing when the network reaches block 864,790 and closing at 864,799. That would take about one hour and 40 minutes thereafter, assuming an average block time of 10 minutes.

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