TechFlow news — The Core Foundation has announced the introduction of a dual-staking model for Core Chain, an upgrade to its non-custodial Bitcoin staking system launched earlier this year. The new model enables Bitcoin holders to earn higher yields by simultaneously staking both Bitcoin and CORE tokens.
Since its launch in April, Core Chain's non-custodial Bitcoin staking system has attracted approximately 5,000 Bitcoin (worth around $309 million).
Rich Rines, a contributor to Core DAO, stated that Core acts as Bitcoin’s second block rewards provider, incentivizing participants with CORE tokens.
Since the mainnet launch in January 2023, the Core blockchain has grown rapidly, now boasting over 19 million unique addresses and processing more than 260 million transactions. It is claimed that about 55% of Bitcoin mining hash power has been delegated to Core, contributing to its security.
