• OKX, a leading Web3 company, introduces the BRC-30 protocol that enables staking of BRC-20 tokens and Bitcoin to earn passive income.
• The BRC-30 protocol is open source and available for developers to build upon.
• OKX Wallet will add support for the BRC-30 standard, enabling users to stake their digital assets on Web3 Earn.
OKX Introduces Industry First Protocol
OKX, a leading Web3 company, has proposed an industry-first BRC-30 protocol that enables staking of both Bitcoin and BRC-20 tokens in order to earn passive income. The open source protocol can be built upon by developers looking to create new opportunities within the Bitcoin ecosystem. Additionally, OKX Wallet will add support for the new standard according to the protocol. This will enable users to stake their digital assets on Web3 Earn without actively trading in order to maximize their earning potential.
Benefits of Staking
Staking offers an attractive alternative for those seeking passive income from their digital assets. By staking either Bitcoin or BRC-20 tokens with OKX Wallet, users can earn rewards over time without having to actively trade or manage their holdings every day. With this latest addition of support for the BRC-30 standard, users are now able to maximize their earning potential even further by taking advantage of this additional opportunity within the larger Bitcoin ecosystem.
Open Source Protocol
The proposed BRC-30 protocol is open source and available for all developers interested in contributing towards building out new features and services within the larger Bitcoin network. As a leader in supporting innovative technology solutions within Web3, OKX sees its proposal as an important step towards driving adoption of staking across multiple chains and unlocking more earning opportunities for users across different platforms.
Supporting Growth Within Ecosystem
OKX has long been committed towards driving growth within the larger Bitcoin ecosystem through its range of products such as its centralized exchange which integrated Lightning Network two years ago as well as its Ordinals Marketplace which was recently launched with support for trading in BRC-20 tokens. With this latest proposal introducing support for staking across multiple chains via the new BRC-30 standard, OKX looks forward to continously contribute towards expanding access and facilitating greater adoption amongst beginners and experts alike into cryptocurrency markets.
Conclusion
With this introduction of the industry first BRC 30 Token Standard by OKX, users are now able access both Bitcoin and BCR 20 token staking options through Web3 Earn platform offered by OKX wallet without needing any active trading skills or knowledge base related to cryptocurrencies . This will provide users with more opportunities than ever before when it comes to earning maximum returns from their digital assets while also helping grow wider crypto ecosystems with help from developer communities creating solutions based on open source protocols introduced by OKX .
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