Boosting Digital Identity Security: Hypersign Announces Integration with Babylon

Operating on the principles of self-sovereign identity (SSI), Hypersign ensures that users maintain full control over when, where, and with whom their personal data is shared. As an innovative, permissionless blockchain platform, the Hypersign Identity Network focuses on user privacy and control, providing an interoperable, secure, and user-friendly infrastructure. We aim to facilitate trustless digital reputation, encrypted P2P communication, privacy-based access management, and more, striving to eliminate data breaches and foster digital trust for businesses.

Integrating with Babylon's Bitcoin security architecture takes our commitment to user privacy and security a step further. Babylon's Bitcoin Timestamping Protocol timestamps events from other blockchains onto Bitcoin, offering them the same level of security that Bitcoin transactions enjoy. The protocol uses checkpointing and timestamping technology to add Hypersign transactions onto the Bitcoin network, ensuring all transactions are secure, verified, and irreversible. This not only bolsters the security of transactions but it also enables fast stake unbonding, composable trust, reduced cost of security, cross-chain security, and bootstrapping new chains. The integration combines the long-range security of Bitcoin's Proof-of-Work with the short-range security of Proof-of-Stake chains.

This collaboration aligns with our shared vision with Babylon to empower individuals to partake in community ownership and governance. Together, we remain dedicated to safeguarding digital identities and access rights, ensuring personal data remains private and protected. Stay tuned as we embark on this exciting journey of innovation and enhanced security in the digital identity domain.

Babylon is a project that designs security protocols for the decentralized world. Babylon’s origins come from a research paper about Bitcoin security co-authored by the co-founder of Babylon David Tse, a professor at Stanford and Ethereum 2.0 researcher, and the founder of EigenLayer Sreeram Kannan and their colleagues. The project is led by a team of consensus protocol researchers from Stanford and experienced layer 1 engineers from around the world.

Babylon's mission is to scale Bitcoin to secure the decentralized world. To achieve this, Babylon utilizes the three primary facets of Bitcoin: Bitcoin as an asset, its reliable timestamping service, its most censorship-resistant blockspace in the world,. To leverage these facets, Babylon is developing three innovative security-sharing protocols: Bitcoin Staking Protocol, Bitcoin Timestamping Protocol, and Bitcoin Data Availability Protocol. Through these pioneering protocols, Babylon envisions a more secure and decentralized future.

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Hypersign is an innovative, permissionless blockchain network that manages digital identity and access rights. Rooted in the principles of Self-Sovereign Identity (SSI), Hypersign empowers individuals to take control of their data and access on the internet. It provides a scalable, interoperable, and secure verifiable data registry (VDR) that enables various use cases based on SSI. Built using the Cosmos-SDK, the Hypersign Identity Network is recognized by W3C (World Wide Web Consortium), promoting a seamless and secure identity management experience on the Internet.

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