• BTC’s price increased by more than 2% in the last 24 hours
• Though a few metrics were positive, BTC’s weighted sentiment plummeted 

BRC-20 has gained immense popularity over the last few months, and much of the credit goes to the ordinals. To add to the story, OKX has announced a new proposal that takes BRC-20 a step ahead. But will BRC-20’s popularity and adoption have any impact on Bitcoin [BTC]? 

All about OKX’s latest proposal 

The BRC-20 proposal has been expanded by OKX into the BRC-30, which adds functionality for staking procedures. These include depositing, minting, and withdrawing while incorporating BRC-20 design principles.

As per the official announcement, this proposal introduces a staking mechanism within the Bitcoin network specifically tailored for BRC-20 tokens or Bitcoin. The launch of BRC-30 and its staking capabilities gives BRC-20 token holders and projects more design freedom. It also offers a chance to interact with their communities. 

The proposal mentioned, “By implementing BRC-30, we envision a future where BRC-20 token and Bitcoin holders can do more with their tokens and be rewarded for their commitment towards the ecosystem.”

In addition to that, the BRC-20 token ecosystem gained a new dimension thanks to these staking mechanics. This also strengthens ties between token owners and the underlying blockchain network.

Bitcoin is still under $28,000

While BRC-20 had news that excited the crypto community, BTC, on the other hand, remained comfortable under the $28,000 mark. As per CoinMark

Go to Source to See Full Article
Author: Dipayan Mitra

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details