SAN FRANCISCO, UNITED STATES – OKX, a leading Web3 technology company, has unveiled its groundbreaking proposal for the BRC-30 token standard, enabling users to stake Bitcoin and BRC-20 tokens to earn passive income. This open-source protocol marks a significant leap forward for the Bitcoin ecosystem, offering new utility for digital assets.
Key Features of BRC-30
- Bitcoin Staking: Users can stake Bitcoin directly, unlocking yield opportunities without active trading.
- BRC-20 Token Support: Extends staking functionality to BRC-20 tokens, broadening participation in the Bitcoin ecosystem.
- Seamless Integration: Coming soon to OKX Wallet, allowing users to stake via Web3 Earn.
Why BRC-30 Matters
BRC-30 addresses the growing demand for passive income options within Bitcoin’s layer-1 infrastructure. By enabling staking, OKX empowers users to:
- Earn BRC-30 tokens as rewards.
- Participate in decentralized finance (DeFi) without intermediaries.
- Contribute to Bitcoin’s evolving utility beyond transactions.
Jason Lau, OKX Chief Innovation Officer:
"Our proposal for BRC-30 reflects OKX’s commitment to Bitcoin innovation. With OKX Wallet’s upcoming support, users gain multi-chain staking opportunities, further bridging Bitcoin with Web3."
OKX’s Bitcoin Ecosystem Contributions
OKX has been a pioneer in Bitcoin adoption:
- Early Lightning Network integration for faster transactions.
- First multi-chain wallet with BRC-20 trading and an Ordinals Marketplace.
- Support for viewing/transferring Bitcoin Ordinals.
👉 Explore OKX Wallet’s Web3 features
FAQs About BRC-30
1. What is BRC-30?
BRC-30 is a new token standard allowing staking of Bitcoin and BRC-20 tokens to earn rewards, similar to proof-of-stake mechanisms.
2. How does staking work?
Users lock assets in OKX Wallet’s Web3 Earn platform to generate BRC-30 tokens, with rewards distributed based on staked amounts and duration.
3. Is BRC-30 secure?
Yes. The protocol is open-source, auditable, and operates on Bitcoin’s decentralized framework.
4. When will BRC-30 launch?
OKX Wallet plans to integrate BRC-30 support in the coming months.
5. Can I stake other cryptocurrencies?
Currently, BRC-30 supports only Bitcoin and BRC-20 tokens.
About OKX
OKX is a global leader in Web3 solutions, offering:
- OKX Wallet: Multi-chain DeFi and NFT access.
- NFT Marketplace & DEX: Decentralized trading platforms.
- Strategic Partnerships: Collaborations with Manchester City FC, McLaren F1, and more.
Disclaimer: This content is informational only. Digital assets carry risks; consult a financial advisor before investing.
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