Cosmos Ecosystem Projects Unveil Bitcoin Staking, Airdrops, and Web3 Partnerships at Cosmoverse

Babylon plans to unveil a "Bitcoin Staking Protocol" for Cosmos at Cosmoverse event. Aims to allow staking of idle Bitcoin to boost PoS chains' security.
Namada plans an airdrop of NAM tokens to ATOM holders and an "incentivized testnet" for its privacy protocol.
Web3Auth launches crypto wallet extension on Google's Firebase in collaboration with Google Cloud.
Taurus partners with Dfinity to integrate Internet Computer Protocol into its custody platform.
Space and Time's "Proof of SQL" zk-verifier to run natively on Chainlink nodes, enhancing query result trustlessness.

coindesk.com

Relevant topic timeline:

8/21/2023

Ethereum Has Evolved – Bit Digital Allows Crypto Investors To Align Their Investment Strategies With Their Environmental Values Through New Ethereum Staking - Bit Digital (NASDAQ:BTBT)

New York-based sustainable Bitcoin mining operation Bit Digital has added Ethereum Staking to its operations, leveraging Ethereum's proof-of-stake model to generate a new revenue stream and promote sustainability in cryptocurrency mining.

9/28/2023

One Year Post-Merge, Ethereum Staking Soars as Investors Seek Returns and Decentralization

The Ethereum Merge, which transformed Ethereum from a proof-of-work asset to a proof-of-stake asset, has made staking an attractive option for holders as it allows them to generate returns and weather bear markets, with the recent State of Staking report showing total staking rewards for all cryptocurrencies at $5 billion on an annualized basis during Q2 2023. Additionally, the implementation of the Shapella upgrade has removed barriers to entry and enabled holders to withdraw their staking rewards, leading to a net inflow of over 7.5 million ETH into staking. Despite some challenges such as long queues and increased strain on the network, staking on Ethereum continues to grow in popularity and play a pivotal role in the network's future.

Topics

Posted 10/2/2023, 11:41:00 AM