Core has made history by introducing a groundbreaking Bitcoin staking protocol, revolutionizing the world of cryptocurrency finance. This momentous event signifies the beginning of a new era, as Core becomes the pioneer in live Bitcoin staking for cryptocurrency investments.
Since its launch in January 2023, the platform has attracted over 2,900 BTC staked through its innovative Satoshi Plus consensus algorithm. By enhancing the security of the Bitcoin network, Core offers investors the opportunity to earn block rewards, creating a new avenue for generating yield on their Bitcoin holdings without increasing risk.
One of the key features that sets Core apart is its unique approach to staking. Unlike traditional protocols, Core allows users to stake their BTC while retaining full ownership of their funds. This non-custodial service eliminates the risk of asset slashing, providing Bitcoin holders with peace of mind.
Core’s staking method is fully non-custodial, locking BTC natively on the blockchain using established Bitcoin primitives instead of smart contracts. By leveraging Bitcoin’s inherent security and avoiding new trust assumptions or slashing risks, Core’s approach may prove to be more appealing to the community.
Furthermore, Core’s system incentivizes stakers over an 81-year period, distributing rewards in the form of interest payments derived from a combination of CORE block rewards and transaction fees. This dynamic model not only enhances Bitcoin security but also encourages continued participation in the staking process.
Looking ahead, Core plans to introduce liquid BTC staking, allowing users to stake their Bitcoin while participating in DeFi applications and earning returns on their capital. This initiative aims to enhance liquidity and utility in the Bitcoin finance ecosystem, making it more accessible to a wider range of users.
Additionally, Core’s strategic vision includes expanding the use of the Satoshi Plus consensus mechanism to enhance the security and utility of various application Blockchains or ‘App Chains’ within its network. This expansion will further strengthen the ecosystem and drive innovation in the world of cryptocurrency finance.
Tags: BTC
