Driving Innovation. Empowering Individuals. Securing the Decentralized World.
Meet Fisher Yu, an ardent believer in decentralization and a renowned expert in the realm of blockchain security and cryptography. As an entrepreneur and technical leader, Fisher's profound insights and strategic approach are at the forefront of transforming the digital landscape.
Babylonchain- Building a Secure, Decentralized World
As Co-Founder and Chief Technology Officer of Babylonchain, Fisher has been instrumental in defining the company's vision, devising strategies, and leading groundbreaking R&D projects. His commitment to a decentralized future is the driving force behind Babylonchain's revolutionary work in blockchain security.
Fisher's tenure at Dolby Laboratories saw him leading the R&D of next-generation decentralized multimedia delivery networks. Backed by 15+ co-authored patents, Fisher played a crucial role in shaping the future of multimedia standards.
University of Southern California & InterfereX Pty. Ltd. - Advancing Research in Distributed Systems
From post-doctoral research fellow at the University of Southern California to a Senior Engineer at InterfereX Pty. Ltd., Fisher's journey is marked with significant contributions to distributed systems, machine learning, and blockchain technology.
Fisher's scholarly pursuit has been complemented with distinguished degrees from leading institutions like the Australian National University and Northwestern Polytechnical University. Specializing in Electrical Engineering, Fisher's academic journey is a testament to his commitment to deepening his expertise and constantly pushing boundaries.
Awards and Recognition
Fisher has been recognized with prestigious awards such as the Chinese Government Award for Outstanding Student Abroad and the Australian National University Graduate House Scholarship for Academic Excellence.
Babylon, Scaling Bitcoin to secure the decentralised future
In a world where control of information infrastructure is often concentrated among a handful of companies, Fisher saw the potential of blockchains to empower individuals and propel innovation. This realization led to the foundation of Babylon, a revolutionary protocol designed to Scale Bitcoin to secure the decentralised world.
Bitcoin-Enhanced Proof-of-Stake Security: Possibilities and Impossibilities
David Tse (Co-Founder, BabylonChain), Sreeram Kannan (Founder of Eigen Layer), Fisher Yu(Co-Founder BabylonChain) andco-authors have achieved a significant milestone as their latest research paper has been accepted by the 2023 IEEE Symposium on Security and Privacy, recognized as the world's leading security conference.
This paper serves as the foundation of Babylon, a revolutionary protocol designed to enhance the security of Proof-of-Stake (PoS) blockchains.
This research paper discusses the security issues inherent in Proof-of-Stake (PoS) chains and proposes a new protocol called Babylon, which uses an off-the-shelf PoS protocol to checkpoint onto the Bitcoin blockchain to address these issues. The article explains that PoS chains are energy-efficient and have fast finality, but are susceptible to non-slashable long-range safety attacks, low liveness resilience, and difficulty in bootstrapping from low token valuation. The Babylon protocol reduces the stake withdrawal delay from weeks to less than 5 hours, at a transaction cost of less than 10K USD per annum for posting the checkpoints onto Bitcoin.