Unlocking BILLIONS with Bitcoin Staking (CoreDAO)

We had the opportunity to interview Rich Rines from Core DAO discussing the mission to scale Bitcoin and build an ecosystem aligned with Bitcoin, offering rewards to Bitcoin stakers and miners. By separating high-value transactions from cheaper, faster transactions, Core Chain aims to unlock the potential of Bitcoin through non-custodial staking, BTCFI, and various protocols. We also learn about the technical aspects of Core's operations, such as consensus mechanisms and value transfers between Bitcoin and the Core chain. Here's what you need to know.

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00:00 Introduction to Core DAO and Bitcoin Ecosystem
00:23 Scaling Bitcoin: The Core DAO Approach
02:07 Bitcoin Staking and Yield Opportunities
05:17 Core DAO's Consensus Mechanism
09:47 Value Transfer Between Bitcoin and Core
11:23 The Future of Bitcoin DeFi
15:01 Calls to Action for Bitcoin Holders and Builders
17:07 Conclusion and Final Thoughts

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[jakaciman]

Thanks for the stream .Where do they gain 20% to pay the staker?

[swingitinvesting]

The problem is most Bitcoin L2s are just scams and others are L1s pretending to be a Bitcoin L2. If its not running or validated by the Bitcoin network it’s not an L2. How are they gonna explain their 1st hack when the Bitcoin network is unhackable. Duh we’re not actually an L2, we are an L1.

[michaelhuling]

What’s the difference between CoreDAO and BounceBit?

[MultiHogy]

Thanks for brining more information that can be absorbed with ease👍🙏

[BigDwag]

This is awesome been waiting for something like this.

[jackfel]

I don't know whether the price of PEPE or FLOKI will be 1 dollar, but I'm sure GALIEN will exceed 2 dollars...
PEPE : USDT - (There are 420 trillion PEPE.)
Green Alien (GALIEN) :: 0.0000112 USDT - (There are 850 Million GALIEN)

[Kairypto]

hey Michael, what happened to the Boxmining+ channel?

[angelawang]

now we needa guide on how to stake yayyyy

[alexwolf]

interesting stuff !
need one more video for dummies.
what happens if i need to withdraw coins early ?
how does the locking period work if the coins are in my wallet ?

[Brett-zbmk]

Would like to stake at Core, but they really should have an option to connect with a ledger wallet..