What is Bitcoin Staking.
In the past, Bitcoin was considered an untouchable network because of its PoW (proof of work) system. That makes a lot of bitcoin in the network idle because it has no passive use apart from its value to fiat currency. However, there has been a revolution that now allows staking of bitcoin on the bitcoin network itself, trustless and entirely non-custodial.
Before now the only way to interact with Bitcoin was to use Bridges and Wrapped Bitcoin, now you can earn yield from your Bitcoin without moving it off chain.
Why do Bitcoin Staking?
- Unlock 21 million Bitcoins into the Decentralised Economy: With bitcoin being the largest crypto asset, the possibility of all that value being used in the DeFi ecosystem opens up a wide range of passive earning opportunities.
- Bitcoin is trustless and fast: unlike ordinary staking, your Bitcoin remains on the BTC network. No need for third parties or Decentralised Organisations. Everything is in your control.
- Secure from PoS attacks: never worry about attacks from hackers to manipulate your staking pools. This is possible by the innovative integration from Babylonchain.
How to Stake Bitcoin.
Step 1: Join Babylonchain discord server. Here!
- Earn more rewards by joining the ambassador programme or becoming a contributor to the ecosystem.
Step 2: Wait for the shortlist to be the first to join the revolution.
Next Steps?
Want to know more about what is happening in the world of DeFi, join our community of Up-to-date Crypto enthusiasts. Here at Crypto University, "the Worlds #1 crypto education platform!!"
Disclaimer:
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