OKX Global Chief Business Officer Lennix: BRC20-S staking is safer than contract staking

2023-07-12 16:40:12

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According to ChainCatcher news, the official announcement states that Lennix, the Global Chief Business Officer of OKX, forwarded a tweet regarding the official deployment of the Bitcoin ecological standard BRC20-S and indicated that BRC20-S involves locking and staking assets through the minting of inscriptions. The locked assets remain in the user's own wallet, making it relatively safer than using contract-staked assets.

It is reported that the BRC20-S standard aims to introduce a staking mechanism to the Bitcoin ecosystem, allowing users to earn returns through staking without selling BRC-20 assets. Additionally, it enables project parties to distribute BRC20-S assets to holders of Bitcoin or BRC-20 assets, thereby supporting the development of the Bitcoin ecosystem.

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Lennix BRC20-S OKX

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