The OKX exchange has proposed extending the BRC-20 Bitcoin standard by implementing a new mechanism called BRC-30.
Under the BRC-30 standard, staking-related features, such as staking pools and rewards, will become available on the Bitcoin network for the first time.
“By introducing BRC-30, users can stake their own BRC-20 tokens or Bitcoin and receive the corresponding BRC-30 tokens in return.”
Bitcoin staking
According to OKX’s proposal, the primary purpose of BRC-30 is to expand the Bitcoin ecosystem’s capabilities by introducing staking-related features and provide additional ways for the community to interact – rewarding BTC and BRC-20 token holders for participating will add a “new dimension” to the Bitcoin network.
“This staking mechanism introduces a new dimension to the BRC-20 token ecosystem, facilitating greater user engagement and establishing a stronger connection between token holders and the Bitcoin blockchain network.”
Underpinning this system is a sta
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