Core Chain, a prominent Layer-1 blockchain built on the Bitcoin network, has partnered with Kiln to enhance security and decentralization. Kiln, an enterprise-grade validator known for its flawless staking, will now serve as a validator on Core Chain, contributing its expertise from managing extensive staking operations.
Through the Bitcoin blockchain, Kiln has successfully staked on a large scale, allowing users to participate in staking pools and earn rewards through on-chain contracts. Currently, the validator manages a substantial number of 1,168,288 staked ETH, valued at nearly $3 billion.
Ernest Oppetit, co-founder and CPO of Kiln, is excited to support Core Chain and join as a node operator. By tapping into the billions of dollars in security pledged to the BTC network, Core Chain increases the programmability of the BTC network, thanks to its EVM compatibility. This not only benefits Bitcoin holders but also enhances the overall security of the network.
Brendon Sedo, Core Initial Contributor, expresses delight at Kiln’s participation as a validator on Core Chain. They rely on Kiln’s dependability and trustworthiness to secure the Core Blockchain. Kiln’s collaboration will help achieve the goal of aligning with Bitcoin, particularly with the introduction of their new non-custodial Bitcoin staking product.
Kiln’s influence extends beyond Core Chain. As the largest operator of validator nodes on the Ethereum blockchain, controlling less than 4% of the network’s validators, Kiln sets the standard for secure validation. This makes Kiln an excellent choice for institutional clients seeking secure staking solutions. Their expertise also extends to customizable staking pools and integrable SDK and APIs.
Kiln’s activation as a validator on Core Chain not only strengthens the network but also demonstrates their commitment to making Bitcoin more accessible to the average individual and improving blockchain infrastructure as a whole. With their extensive experience in staking operations, Kiln continues to shape the future of decentralized finance.