Cryptocurrency exchange OKX announced the open-source BRC-30 protocol, designed to enhance BRC-20 token functionality by introducing Bitcoin staking capabilities. This innovation allows users to stake BRC-20 tokens or Bitcoin to earn BRC-30 rewards through Web3 Earn platforms.
Key Features of BRC-30 Protocol
- Staking Mechanism: Enables locking of BRC-20 tokens or BTC to generate yield
- Interoperability: Fully compatible with existing BRC-20 infrastructure
- Decentralized Rewards: BRC-30 tokens distributed as staking returns
- Developer-Friendly: Open-source framework for community contributions
OKX Wallet will provide native support for BRC-30 transactions, maintaining its position as the first multi-chain wallet to facilitate BRC-20 trading.
Advancing Bitcoin's Utility
Jason Lau, OKX Chief Innovation Officer, stated:
"As the Bitcoin ecosystem evolves, we're proud to collaborate with developers to drive broader adoption. BRC-30 represents another milestone in expanding Bitcoin's use cases beyond store-of-value."
👉 Explore BRC-30 staking opportunities
OKX's Bitcoin Ecosystem Contributions
- Early adopter of Lightning Network integration
- Pioneer in Ordinals marketplace development
- First exchange to enable BRC-20 trading
Frequently Asked Questions
Q: How does BRC-30 differ from BRC-20?
A: While BRC-20 focuses on token creation, BRC-30 adds staking functionality to generate yield.
Q: Can I stake Bitcoin directly through BRC-30?
A: Yes, the protocol supports both BRC-20 tokens and native BTC staking.
Q: What wallets support BRC-30 transactions?
A: OKX Wallet offers native integration, with other wallets expected to follow.
👉 Learn about Web3 Earn platforms
Disclaimer: This content is for informational purposes only. Users should conduct independent research before participating in staking activities.
### SEO Optimization Details:
- **Primary Keywords**: BRC-30, BRC-20 upgrade, Bitcoin staking, OKX protocol, Web3 Earn
- **Secondary Keywords**: Cryptocurrency yield, token standards, blockchain interoperability