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Data: If BTC breaks through $99,399, the total liquidation strength of mainstream CEX short positions will reach $878 million.
6m ago
Data: If ETH breaks through $3,463, the total liquidation strength of short positions on mainstream CEXs will reach $1.023 billion.
6m ago
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Babylon co-founder David Tse releases BABE protocol: Bitcoin Groth16 verification cost reduced by over 1,000 times
BlockBeats News, January 18 — Stanford University professor and Babylon co-founder David Tse announced that the team has officially released BABE (BAbylon-BErkeley), a new zero-knowledge proof verification protocol for Bitcoin. This scheme reduces initialization and storage costs by over a thousand times compared to the current optimal solutions.
BABE combines two key cryptographic innovations:
One is Witness Encryption on Linear Pairing, based on linear pairings, which simplifies the complex multiple pairing operations in Groth16 verification into a single scalar multiplication on the BN254 elliptic curve;
The second uses the recently proposed Argo MAC obfuscation primitive to further transform this scalar multiplication into a vector homomorphic MAC, enabling efficient computation.
David Tse stated that BABE will go live in February 2026 alongside the alpha testnet of Babylon Trustless Bitcoin Vault, aiming to achieve lower-cost and more scalable zero-knowledge proof verification within the Bitcoin ecosystem.