Mirror L2 has been renamed to Mirror Staking Protocol, collaborating with other BTC L2s to build the Bitcoin ecosystem

2024-03-13 17:14:11

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ChainCatcher message, Mirror L2 has officially been renamed to Mirror Staking Protocol, which will focus more on providing decentralized and secure BTC staking solutions for BTC L2 projects, ensuring the safe transfer of BTC to L2 and sharing it within BTC L2.

Mirror Staking Protocol utilizes the overlapping group multi-signature (MSG) algorithm, managed collectively by hundreds of nodes, which has been published in top conference papers. This is also a practice of modular blockchain design, generating mBTC that is 1:1 anchored to BTC and is EVM compatible, empowering the restaking mechanism.

Mirror provides secure and decentralized BTC staking solutions for BTC L2 projects, and Mirror and BTC L2 projects are in an upstream and downstream collaborative relationship.

Mirror's subsequent plan is to establish TVL and ecosystem together with other BTC L2 projects through the "Stake Once, Earn Twice" campaign.

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Mirror L2 Mirror Staking Protocol

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