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On many blockchains, staking is a helpful tool that helps secure the network while letting users earn passive income. However, despite being the most popular blockchain, Bitcoin doesn't feature staking. Mirror Staking Protocol aims to change this by incorporating staking into Bitcoin's design. How does it work, and why is it important? Explore this guide to learn the details of the Mirror Staking Protocol.
Key Takeaways:
Mirror Staking Protocol, formerly called Mirror L2 before a rebrand, is a Bitcoin protocol that works with Layer 2 networks.
Currently, Mirror Staking Protocol is collaborating with Bybit Web3 Airdrop Arcade’s Bitcoin Layer 2 Season Campaign. Users can claim a share of the substantial prize pool, which exceeds $400,000 in TGE tokens.