Unlike cryptocurrencies like Ethereum and Solana, Bitcoin does not utilize a Proof-of-Stake consensus mechanism. Instead, Bitcoin relies on Proof-of-Work, where miners deploy computing power to compete for the privilege of adding the next block to the blockchain and earning the associated reward (currently set at 3.125 BTC). Despite the fact that Bitcoin doesn’t have native […]
Tag: WBTC
By Vuk Martin Can you really stake Bitcoin? Most people will tell you that Bitcoin staking doesn’t exist. And they’re right, at least if we’re talking about Bitcoin’s base layer. Bitcoin runs on Proof-of-Work, which means miners secure the network by burning energy and solving puzzles. There’s no built-in way for you or me to […]
By Emir Abyazov A hacker has begun returning the stolen $40 million from decentralized exchange GMX, causing the platform’s token to rise 14%. The attacker, who carried out a massive exploit on the protocol earlier this week, agreed to the project’s offer of a $5 million reward for the return of the funds. The GLP […]