According to TechFlow, the Core Foundation announced the introduction of a dual staking model for Core Chain, which is an upgrade to the non-custodial Bitcoin staking system launched earlier this year. The new model allows Bitcoin holders to earn higher returns by staking both Bitcoin and CORE tokens at the same time.
Core Chain’s non-custodial bitcoin staking system has attracted around 5,000 bitcoins (worth about $309 million) since its launch in April.
Core DAO contributor Rich Rines said that Core, as the second block reward provider for Bitcoin, rewards participants with CORE tokens.
The Core blockchain has grown rapidly since its mainnet launch in January 2023, and currently has over 19 million unique addresses and has processed over 260 million transactions. It is said that about 55% of Bitcoin mining power is delegated to Core, contributing to its security.
