Proof of Stake (PoS) Mechanism
StakeLayer introduces a Mixed PoS Mechanism that allows Bitcoin to be staked as a security measure for network operations. This mechanism not only diversifies the security model of participating networks but also adds a valuable layer of utility for Bitcoin holders, enabling them to contribute to network security and earn rewards.
How It Works
- Integration with Bitcoin: Detailing the technical process of how Bitcoin can be locked or staked through StakeLayer's protocol to participate in the consensus mechanism.
- Security and Incentives: Explaining the security benefits of the Mixed PoS model and how it incentivizes Bitcoin holders to participate.
Updated 9 months ago