Core has made history by introducing a groundbreaking Bitcoin staking protocol that is revolutionizing the world of cryptocurrency finance. This marks a significant milestone in the industry, as Core becomes the first platform to offer live Bitcoin staking, paving the way for new opportunities in cryptocurrency investments beyond the next five years.
Since its launch in January 2023, Core has already attracted over 2,900 BTC staked through its innovative Satoshi Plus consensus algorithm. This mechanism not only enhances the security of the Bitcoin network but also allows users to earn Core block rewards, offering a new way to generate yield on their Bitcoin holdings without taking on additional risks.
One of Core’s standout features is its unique approach to staking, which combines advanced security measures with the ability to stake Bitcoin. Unlike traditional staking protocols that may put users’ assets at risk of slashing, Core provides a non-custodial service that ensures users maintain full control of their funds while enjoying peace of mind.
By leveraging Bitcoin’s inherent security features and avoiding the introduction of new trust assumptions or slashing risks, Core has created a staking model that is highly favored by the community. The platform’s fully non-custodial BTC staking method locks Bitcoin natively on the blockchain using proven Bitcoin primitives, rather than relying on smart contracts.
Looking ahead, Core plans to introduce liquid BTC staking, allowing users to stake their Bitcoin and participate in DeFi applications while earning a return on their investment. This initiative aims to enhance liquidity and utility in the Bitcoin finance ecosystem, making it more accessible to a wider range of users.
Furthermore, Core’s strategic vision includes expanding the use of the Satoshi Plus consensus mechanism to enhance the security and utility of various application Blockchains, known as ‘App Chains,’ running on its network. This move is expected to further strengthen the overall ecosystem and drive future growth in the industry.