Core Foundation Launches Fusion Upgrade, Revolutionizing Bitcoin Staking

The Core Foundation has unveiled a groundbreaking update to its blockchain technology, known as the Fusion Upgrade, which promises to transform the landscape of Bitcoin staking. This significant development introduces two key features: Dual Staking and Liquid Bitcoin Staking (LstBTC), aimed at enhancing the staking experience and attracting more participants to the Bitcoin DeFi ecosystem.

Dual Staking, which is already live, allows users to earn increased rewards by staking both Bitcoin and CORE tokens simultaneously. This innovative approach addresses the long-standing challenge of maximizing returns in the cryptocurrency space. The second feature, LstBTC, is set to launch soon and will introduce a liquid staking token pegged 1:1 with Bitcoin. This ERC-20 token will enable Bitcoin holders to earn daily rewards in CORE tokens while maintaining the liquidity of their Bitcoin assets, effectively solving the dilemma between staking and liquidity that has plagued the DeFi sector.

Rich Rines, Initial Contributor to Core, emphasized the significance of this upgrade, stating, "With the launch of Fusion, Core is elevating the possibilities of Bitcoin staking and making the ecosystem more dynamic and rewarding for users." He further highlighted that the upgrade delivers scalability and yield enhancements that will improve the experience for current stakers and attract new participants seeking sustainable returns in the BTCfi space.

The Fusion Upgrade reinforces Core's position as a leader in yield sustainability, particularly in Bitcoin staking. By introducing liquid staking alongside a dual staking model, Core not only enhances yields but also ensures scalability across its network. This development is particularly noteworthy as Core has already secured over 7,600 BTC through its non-custodial Bitcoin staking protocol, the first of its kind in the industry.

Core's unique approach to Bitcoin scaling and DeFi integration is evident in its comprehensive ecosystem. As the only end-to-end BTCfi solution, Core offers both a Bitcoin staking yield product and a Bitcoin-secured smart contract platform. The blockchain is secured not only by staked Bitcoin and CORE tokens but also by Bitcoin miners who delegate hash power to earn CORE token rewards. This innovative security model has already attracted approximately 75% of Bitcoin's hashrate, significantly enhancing the network's robustness.

The impact of Core's innovations extends beyond just staking. With over 100 EVM-compatible decentralized applications (dApps) operating under the protection of Bitcoin miners and stakers, Core has positioned itself as the leading Bitcoin Scaling chain. This ecosystem supports tens of thousands of daily active users and boasts over $650 million in Total Value Locked (TVL), underscoring its growing importance in the DeFi landscape.

The introduction of Dual Staking and LstBTC products through the Fusion Upgrade is set to further solidify Core's dominance in the Bitcoin DeFi space. By tying CORE and Bitcoin together in perpetuity, Core is creating a more integrated and efficient ecosystem for cryptocurrency users and investors. This development has the potential to attract more participants to the Bitcoin DeFi space, potentially leading to increased adoption and innovation in the broader cryptocurrency market.

As the cryptocurrency industry continues to evolve, innovations like the Fusion Upgrade play a crucial role in addressing key challenges and creating new opportunities for users. By enhancing the utility and security of Bitcoin while providing new avenues for yield generation, Core is contributing to the maturation of the DeFi sector and potentially influencing the future direction of blockchain technology and digital finance.