SAN FRANCISCO (UNITED STATES), June 1st, 2023, Chainwire – OKX, a leading WeB3 Company, has proposed an open-source BRC-30 Protocol that allows the staking of BRC-20 Tokens. The protocol enables users to earn passive income by staking either BRC-20 or BRC-30 tokens.
OKX Chief Innovation Officer Jason Lau said: “We’re thrilled to have proposed and pioneered the BRC-30 standard to enable Bitcoin and BRC-20 token staking. With the OKX Wallet soon to incorporate BRC-30 support, users will be able to access Bitcoin staking and earn opportunities across multiple-chains. With the Bitcoin ecosystem seeing an explosion of new development, we’re proud to work with developers and projects across the community to contribute to the growth of the wider ecosystem.”
OKX is an avid supporter of Bitcoin and integrating the Lightning Network. It was over two years since OKX’s centralized exchange, and their launch of BRC-20 trading on its multi-chain wallet is the first time a wallet has supported BRC-20 transactions.
OKX is a leading global company that provides a wide range of products for both beginners and professionals. This includes the OKX Wallet, NFT Marketplace, DEX, and Web3 Earn. The company has partnered with top brands and athletes such as Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 Driver Daniel Ricciardo.
OKX recently launched their worldwide brand campaign, ‘The System Needs A Rewrite’. This is a new paradigm which is led by self-managed technologies that will replace existing central systems.
To learn more or visit us, go to okx.com. Please do your own due diligence before investing in any DEFI protocol. Please consult your legal, tax or investment professional if you have any questions about your specific circumstances.
