Kiln joins Core Chain as staking validator: powering the Bitcoin-powered blockchain
< BlogWe are pleased to announce our latest integration with Core Chain, a Bitcoin-powered blockchain based on their own consensus called Satoshi Plus. This strategic partnership creates new reward opportunities for our customers while supporting the network's security and decentralization.
"We're excited to have Kiln join as a validator on Core Chain, supporting Core in its Bitcoin Aligned mission. Kiln's reliability and trustworthiness make it a perfect partner for securing the Core Blockchain and enabling Core’s newly announced non-custodial Bitcoin staking product." — Brendon Sedo, Initial Contributor to Core.
What is Core Chain?
Core Chain is a Bitcoin-powered, EVM-compatible Layer 1 blockchain with smart contracts that enables BTC staking, a feature traditionally unavailable to Bitcoin holders. Core Chain utilizes a Delegated Proof of Work (DPoW) mechanism and is governed by the CoreDAO.
CoreDAO's staking protocol is designed with a strong focus on robust security measures and a transparent reward distribution mechanism.
This commitment to creating a secure staking environment aligns well with users who place a high value on safety and clarity in their staking activities. Learn more through CoreDAO's whitepaper.
Why did Core Chain choose Kiln?
In addition to being the enterprise-grade staking leader within the European market and the largest node operator on Ethereum worldwide, managing 4% of the network, Kiln is deeply interested in the Bitcoin staking ecosystem.
As one of the first node operators, Kiln plays a vital role in securing the network and processing transactions. This collaboration strengthens the Core Chain ecosystem, ensuring the network's stability and security
"We are excited to support Core Chain as a node operator. Core Chain helps leverage the BTC network and provide more programmability to it via EVM compatibility. It also helps increase the utility of BTC for holders, and we’re thrilled to support the protocol." — Ernest Oppetit, Co-founder and CPO at Kiln
About Core Chain
The Core blockchain network is a Bitcoin-powered layer-one blockchain for EVM-Compatible smart contracts. With 50% of Bitcoin mining hash power contributing to Core’s security in exchange for unlocking Bitcoin utility and rewards, Core is the most Bitcoin-aligned EVM blockchain (BTCfi, Bitcoin staking, and more). This breakthrough has amassed a massive community of 2.2M Twitter followers and 250k Discord members which has translated into millions of Core adopters, over 15M unique addresses, and 230M transactions since its mainnet launch in January 2023.
About Kiln
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to stake assets, and to whitelabel staking functionality into their offering. Our platform is API-first and enables fully automated validators, rewards, and data and commission management. With over $7 billion crypto assets being programmatically staked, Kiln has a particularly strong track record on Ethereum as we run about 4% of the network; this includes 43,000+ active validators with 0 slashing events.
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