Babylon's innovative protocols aim to leverage Bitcoin's security to enhance the decentralized economy. It focuses on unlocking the potential of the 21 million bitcoins for securing Proof-of-Stake (PoS) chains and decentralized apps (Dapps) through a trustless, secure, and fast Bitcoin Staking Protocol. This protocol allows bitcoin holders to stake their bitcoins without the need for third-party custody, bridging, or wrapping, offering a scalable and modular solution for enhancing PoS security.

As of December 2023, Babylon project closed its $18 million funding round, which led jointly by Polychain Capital and Hack VC, along with contributions from several notable investors including Framework Ventures and Polygon Ventures, aims to enhance Babylon's protocol. This protocol uniquely transforms Bitcoin into a decentralized, trustless staking asset for the Proof-of-Stake (PoS) economy.

You can find their official docs here: Babylon's Official Documentation

System Specifications

As per Babylon, this system spec has been tested by validators and found to be comfortable:

• Quad Core or larger AMD or Intel (amd64) CPU

• 32GB RAM

• 1TB NVMe Storage

• 100MBps bidirectional internet connection

You can run Babylon on lower-spec hardware for each component, but you may find that it is not highly performant or prone to crashing.

As for me, I opted for the minimum specs applicable. I just make sure that there are no other projects running in this server.

• 2 vCPUs

• 2 GB Memory

• 60GB NVMe

• 4TB Bandwidth

Choose and Configure your VPS

You have the option to set up your node by configuring it on a personal computer or by utilizing a Virtual Private Server (VPS). A VPS is particularly suitable for handling websites, applications, or various online services, including nodes.

For all my VPS needs, I always use Vultr. It provides a robust and user-friendly platform with global data centers, fast SSD storage, and flexible deployment options to meet your specific needs, making it a top choice for businesses and developers alike.

I also like that they charge by the hour, it is ideal for users with fluctuating demands or short-term projects, as you only pay for the exact hours you use. It allows users to quickly test new configurations or projects without a long-term financial commitment, minimizing upfront costs.

Start your Vultr journey here.

1. Choosing a Server Type and select Cloud Compute

   

2. CPU & Storage Technology select AMD High Performance

   

3. Server Image select Ubuntu 20.04 LTS x64

   

4. Server Size select 60 GB NVMe at 18USD per month

1. You can also opt out of enabling Auto Backups if you want to save money.

2. Add a Server Hostname and Label. You can update this later too.

Connecting to Your Server

I am using Mac so I am using Mac's native terminal.

Here's a guide on how to use Putty on Windows to connect to Vultr. This can also be used as a guide to connect to any VPS provider.

Getting Started

This guide will instruct you on running a node for bbn-test-2 .

Setting up your server

We need to first install essential components.

sudo apt update 
sudo apt -qy install curl git jq lz4 build-essential
sudo apt upgrade -y

Install Golang

Babylon requires Golang for Babylon to be installed on your system.

sudo rm -rf /usr/local/go
curl -Ls https://go.dev/dl/go1.20.14.linux-amd64.tar.gz | sudo tar -xzf - -C /usr/local
eval $(echo 'export PATH=$PATH:/usr/local/go/bin' | sudo tee /etc/profile.d/golang.sh)
eval $(echo 'export PATH=$PATH:$HOME/go/bin' | tee -a $HOME/.profile)

After you install Golang, you can verify that you have the proper version by running:

go version

You will see something like this:

Downloading and build binaries

You need to clone Babylon’s GitHub repository to install the babylond executable.

cd $HOME
rm -rf babylon
git clone https://github.com/babylonchain/babylon.git
cd babylon
git checkout v0.7.2

We are now going to build our binaries.

make build

Next step is we need to prepare binaries for Cosmovisor.

mkdir -p $HOME/.babylond/cosmovisor/genesis/bin
mv build/babylond $HOME/.babylond/cosmovisor/genesis/bin/
rm -rf build

Then, we need to create our application symlinks.

sudo ln -s $HOME/.babylond/cosmovisor/genesis $HOME/.babylond/cosmovisor/current -f
sudo ln -s $HOME/.babylond/cosmovisor/current/bin/babylond /usr/local/bin/babylond -f

Install Cosmovisor and create a service

We will use the Golang app that we installed earlier to download and install Cosmovisor.

go install cosmossdk.io/tools/cosmovisor/cmd/cosmovisor@v1.5.0

And then we need to create our babylon.service

Important Note: Make sure you copy it as indicated here and paste it as is in your terminal. DO NOT EDIT ANYTHING HERE.

sudo tee /etc/systemd/system/babylon.service > /dev/null << EOF
[Unit]
Description=babylon node service
After=network-online.target

[Service]
User=$USER
ExecStart=$(which cosmovisor) run start
Restart=on-failure
RestartSec=10
LimitNOFILE=65535
Environment="DAEMON_HOME=$HOME/.babylond"
Environment="DAEMON_NAME=babylond"
Environment="UNSAFE_SKIP_BACKUP=true"
Environment="PATH=/usr/local/sbin:/usr/local/bin:/usr/sbin:/usr/bin:/sbin:/bin:/usr/games:/usr/local/games:/snap/bin:$HOME/.babylond/cosmovisor/current/bin"

[Install]
WantedBy=multi-user.target
EOF

Once we have created our service, we need to reload and enable our babylon.service

sudo systemctl daemon-reload
sudo systemctl enable babylon.service

Setting up our Node

Learn how to set up a node for the Babylon system.

Set the node configuration

We are going to set the values for our chain-idkeyring-backend and node

babylond config chain-id bbn-test-2
babylond config keyring-backend test
babylond config node tcp://localhost:16457

Setup your Node name

MONIKER="YOUR_PREFERRED_MONIKER_GOES_HERE"

Initialize the Node

babylond init $MONIKER --chain-id bbn-test-2

You will see something like this:

Then, retrieve the genesis file and place it in the node directory.

curl -Ls https://snapshots.kjnodes.com/babylon-testnet/genesis.json > $HOME/.babylond/config/genesis.json
curl -Ls https://snapshots.kjnodes.com/babylon-testnet/addrbook.json > $HOME/.babylond/config/addrbook.json

Adding Seeds and Peers

We need to add our seeds and minimum-gas-prices attributes to contain appropriate values.

sed -i -e "s|^seeds *=.*|seeds = \"3f472746f46493309650e5a033076689996c8881@babylon-testnet.rpc.kjnodes.com:16459\"|" $HOME/.babylond/config/config.toml
sed -i -e "s|^minimum-gas-prices *=.*|minimum-gas-prices = \"0.00001ubbn\"|" $HOME/.babylond/config/app.toml

We need to set pruning values as well.

sed -i \
  -e 's|^pruning *=.*|pruning = "custom"|' \
  -e 's|^pruning-keep-recent *=.*|pruning-keep-recent = "100"|' \
  -e 's|^pruning-keep-every *=.*|pruning-keep-every = "0"|' \
  -e 's|^pruning-interval *=.*|pruning-interval = "19"|' \
  $HOME/.babylond/config/app.toml

Set custom ports as well.

sed -i -e "s%^proxy_app = \"tcp://127.0.0.1:26658\"%proxy_app = \"tcp://127.0.0.1:16458\"%; s%^laddr = \"tcp://127.0.0.1:26657\"%laddr = \"tcp://127.0.0.1:16457\"%; s%^pprof_laddr = \"localhost:6060\"%pprof_laddr = \"localhost:16460\"%; s%^laddr = \"tcp://0.0.0.0:26656\"%laddr = \"tcp://0.0.0.0:16456\"%; s%^prometheus_listen_addr = \":26660\"%prometheus_listen_addr = \":16466\"%" $HOME/.babylond/config/config.toml
sed -i -e "s%^address = \"tcp://localhost:1317\"%address = \"tcp://0.0.0.0:16417\"%; s%^address = \":8080\"%address = \":16480\"%; s%^address = \"localhost:9090\"%address = \"0.0.0.0:16490\"%; s%^address = \"localhost:9091\"%address = \"0.0.0.0:16491\"%; s%:8545%:16445%; s%:8546%:16446%; s%:6065%:16465%" $HOME/.babylond/config/app.toml

Download the Latest Chain Snapshot

curl -L https://snapshots.kjnodes.com/babylon-testnet/snapshot_latest.tar.lz4 | tar -Ilz4 -xf - -C $HOME/.babylond
[[ -f $HOME/.babylond/data/upgrade-info.json ]] && cp $HOME/.babylond/data/upgrade-info.json $HOME/.babylond/cosmovisor/genesis/upgrade-info.json

Now we just need to start babylon and check our logs.

sudo systemctl start babylon.service && sudo journalctl -u babylon.service -f --no-hostname -o cat

You will see something like this:

If you see words like committed state, commit synced, executed block, etc, that means your node is running properly.

Becoming a Validator

Validators are required to have funds for two reasons:

• They need to provide a self delegation

• They need to pay for transaction fees for submitting BLS signature transactions

Add New Key

Then we need to execute the create wallet command.

• YOUR_PREFERRED_WALLET_NAME is a wallet name of your choosing

babylond keys add YOUR_PREFERRED_WALLET_NAME

Requesting for funds

This can be accomplished by going to the #faucet channel of official Discord Server to request funds by providing the address you created before. After joining the channel, users send a request starting with !faucet followed by the request address. For example, !faucet bbn1sajf5fd7tyjt0jjy6lqzahy09jl2nkcnx5qm06

Create a BLS Key

Using the address that you created on the previous step.

Note: You need to replace the value of YOUR_PREFERRED_WALLET_NAME

babylond create-bls-key $(babylond keys show YOUR_PREFERRED_WALLET_NAME -a)

This command will create a BLS key and add it to the $HOME/.babylond/config/priv_validator_key.json. This is the same file that stores the private key that the validator uses to sign blocks. Please ensure that this file is secured properly.

After creating a BLS key, you need to restart your node to load this key into memory.

sudo systemctl restart babylon.service

Modify Configuration

Furthermore, you need to specify the name of the key that the validator will be using to submit BLS signature transactions under the $HOME/.babylond/config/app.toml file. Edit this file and set the key name to the one that holds funds on your keyring:

sed -i -e "s|^key-name *=.*|key-name = \"wallet\"|" $HOME/.babylond/config/app.toml

Finally, it is strongly recommended to modify the timeout_commit value under $HOME/.babylond/config/config.toml. This value specifies how long a validator will wait before commiting a block before starting on a new height. Given that Babylon aims to have a 10 second time between blocks, set this value to:

sed -i -e "s|^timeout_commit *=.*|timeout_commit = \"10s\"|" $HOME/.babylond/config/config.toml

Create the Validator

Validators for Babylon is created through the babylond tx checkpointing create-validator command. This command expects that a BLS validator key exists under the $HOME/.babylond/config/priv_validator_key.json.

• --moniker This should not be blank and should be the same as the Moniker value you set in the initial steps.

• --identity this is your Keybase ID. If you do not have one, leave it as blank or ""

• --details a short description/bio that you like. If you don't want to add anything, leave it as blank or ""

• --website if you have your own validator website. If not, you can put in your social media profile link here like Twitter. Should not be left blank as per my experience

Note: You can copy the whole code block below and paste it in your terminal.

babylond tx staking create-validator \
--amount 1000000ubbn \
--pubkey $(babylond tendermint show-validator) \
--moniker "YOUR_PREFERRED_MONIKER_NAME" \
--identity "YOUR_KEYBASE_ID" \
--details "YOUR_PREFERRED_DETAILS" \
--website "YOUR_WEBSITE_URL" \
--chain-id bbn-test-2 \
--commission-rate 0.05 \
--commission-max-rate 0.20 \
--commission-max-change-rate 0.01 \
--min-self-delegation 1 \
--from wallet \
--gas-adjustment 1.4 \
--gas auto \
--gas-prices 0.00001ubbn \
-y

Congrats! You are now a validator on the Babylon system.