All Things Crypto

ATC quote · Aug 22, 2024 · 0:21:58

“Okay. So here's how it works. So Babylon is... I have not used it. Right? So I'm just literally off the website. I'm looking at it. I'm reading it. So Babylon operates as a layer two solution…”

Dave @DCBK2LA (speaker unconfirmed)

From ATC: All Things Crypto Sponsored by $THON on @sunpumpmeme, Aug 22, 2024 · Episode page

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0:21:10 Kool @koolcryptovc (speaker unconfirmed): Yeah. I don't know. I I I do know about Avalon. Definitely, they raised this lot of money, a lot of legit backers behind them. So I think... Yeah. I think the question for me is, of course, earning yield on all your business pretty cool. I guess the question for me is what... Where is it... Is Babylon the... I think the layer two? Because how are you gonna manage the the transaction speeds? You know, that's kinda…

0:21:58 Dave @DCBK2LA (speaker unconfirmed): Okay. So here's how it works. So Babylon is... I have not used it. Right? So I'm just literally off the website. I'm looking at it. I'm reading it. So Babylon operates as a layer two solution. Right? That's essentially what it is. And in terms of proof of stake, what are you staking? You're actually staking your Bitcoin. Right? So this is not an EVM based layer two, which is the majority of pretty much everybody…

0:23:46 Kool @koolcryptovc (speaker unconfirmed): Okay. No. It's okay. I think I get it. I think I get it. I get it. I get it. I get it. So I I do know, Bhavan, that you ran a campaign a bit ago. I'm pretty sure Binance invested in them. I think if I were gonna do an airdrop for people too, but, you know, none none of you explained properly. This makes a lot of sense, and I think this is really, really cool, though. Now the question is, how many people are gonna…

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