Introducing BRC20-S: A revolutionary new opportunity for Bitcoin and BRC-20 staking

BRC-20 and Bitcoin staking are coming to OKX Web3 Earn

BRC-20 rapidly gained momentum within the Bitcoin community when it landed on March 8, 2023. A fungible token standard made specifically for the Bitcoin blockchain, BRC-20 allows users to deploy token contracts and mint and transfer tokens.

The new standard has captivated some crypto enthusiasts and stakeholders for the opportunities it provides, but it’s also raised skepticism for its use of block space and potential impact on gas fees.

If you fall in the ‘pro’ camp for BRC-20, you’ll want to read on. OKX is introducing the first token standard enabling Bitcoin and BRC-20 staking through OKX Web3 Earn, called BRC20-S.

In this article, we’ll explain the relationship between BRC-20 and BRC20-S (the 'S' stands for staking, of course) explore BRC20-S and its advantages, and introduce BRC-20 and Bitcoin staking on OKX Web3 Earn.

BRC-20 and BRC20-S explained

Previously, you could only mint or trade BRC-20 tokens on the Bitcoin blockchain using ordinal inscriptions. BRC20-S goes one step further to allow you to earn with BRC-20 tokens and Bitcoin, advancing the BRC-20 ecosystem significantly.

The motivation behind introducing BRC20-S and its staking functionalities is to provide BRC-20 token holders with additional opportunities to engage with their assets and earn rewards. Meanwhile, projects can distribute their tokens to Bitcoin holders or BRC-20 token holders to build a community and let users stake their tokens to earn without them having to sell their tokens.

The BRC20-S protocol is also open-source and will be available for all developers to build upon — opening the door to even greater opportunities from BRC-20.

What benefits will BRC20-S bring?

Empowered with the option to stake, users will have an incentive to hold onto their assets, which can potentially reduce selling pressure in the market and contribute to a more stable token ecosystem. Meanwhile, the staking mechanism allows active participation in the Bitcoin network, further unlocking the potential value of BRC-20 tokens.

Staking rewards

When BRC20-S goes live, users can put their BRC-20 tokens to work and earn rewards without selling their assets or transferring them to another address, unlike in EVM cases. Each staking pool on OKX Web3 Earn offers different rewards, allowing users to choose the option that best suits their preferences.

Non-custodial staking

A key advantage to BRC-20 staking on OKX Web3 Earn is the ability to use your assets freely even after staking. In contrast to other EVM (Ethereum Virtual Machine) pools where staked assets are locked, BRC-20 staking enables users to still use their assets without needing to unstake them. This flexibility allows seamless transactions and the ability to react quickly to market changes. With the introduction of BRC-20 staking on OKX Web3 Earn, users have an opportunity to earn rewards by holding their Bitcoin or BRC-20 tokens without transferring assets elsewhere.

Earning BRC20-S on OKX

OKX Web3 Earn goes beyond staking by enabling users to earn and list tokens in their OKX Wallet. The platform supports token minting, and once research and development is complete, we’re planning to introduce a marketplace for selling BRC20-S tokens. OKX's NFT marketplace will support BRC20-S alongside BRC-20 and ordinals support. This all-in-one application provides a comprehensive solution for BRC-20 token holders, empowering them to potentially maximize their rewards while enjoying the benefits of token ownership.

The technical foundation in brief

For a deeper understanding of BRC-20 staking with OKX Web3 Earn, we’ve produced a technical document for developers and projects: OKX Build.

Read on for an overview of the interaction flow.

User scenarios

In the dynamic ecosystem of BRC20-S tokens and staking, the interaction flow between the project team, users, and the server is important for seamless engagement.

Project team:

  • Issues their own BRC20-S tokens by creating a staking pool, gaining seed users

Users:

  • Stake BTC to earn other newly issued BRC20-S tokens
  • Stake BRC-20 tokens to earn other newly issued BRC20-S tokens

Interaction flow

BRC20-S interaction flow

Project party: Starts the deployment process by defining the parameters of the staking pool, which include specifying the staking token, earn token, mining rate, total mining rewards, and granting permission for coin holders to participate in multi-mining. Once this setup is complete, the user's deposit activity is acknowledged and recorded per the BRC-20 standard.

User: Engages in various staking operations such as depositing, minting (claiming), and withdrawing. Users can claim their mining rewards at any time by minting earn tokens.

Server: Allows for a comprehensive interpretation of the BRC-20 and BRC20-S proposals, offering an open-source interface for calculating rewards. Staking rewards for all users are consistently computed using both backend and open-source tools, making sure of accuracy and uniformity across all calculations.

The final word

The flexibility to use assets freely, low costs, and the ability to earn and list tokens in a Web3 wallet make BRC-20 staking a compelling option for individuals looking to make the most of their digital assets.


DISCLAIMER:

THIS ARTICLE IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE OR SELL OR HOLD DIGITAL ASSETS. DIGITAL ASSET HOLDINGS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.

Tuyên bố miễn trừ trách nhiệm
Nội dung này chỉ nhằm mục đích cung cấp thông tin và có thể sẽ bao gồm các sản phẩm không được cung cấp ở khu vực của bạn. Nội dung này không nhằm mục đích cung cấp (i) lời khuyên đầu tư hoặc khuyến nghị đầu tư, (ii) lời đề nghị hoặc chào mời mua, bán hoặc nắm giữ crypto/tài sản kỹ thuật số hoặc (iii) lời khuyên về tài chính, kế toán, pháp lý hoặc thuế. Việc nắm giữ crypto/tài sản kỹ thuật số, bao gồm stablecoin và NFT, có mức độ rủi ro cao và có thể biến động mạnh. Bạn nên cân nhắc cẩn thận xem việc giao dịch hoặc nắm giữ crypto/tài sản kỹ thuật số có phù hợp với điều kiện tài chính của mình hay không. Vui lòng tham khảo ý kiến chuyên gia pháp lý/thuế/đầu tư nếu có thắc mắc về hoàn cảnh cụ thể của bạn. Thông tin (bao gồm dữ liệu thị trường và thông tin thống kê, nếu có) xuất hiện trong bài đăng này chỉ nhằm mục đích cung cấp thông tin chung. Một số nội dung có thể được các công cụ trí tuệ nhân tạo (AI) tạo ra hoặc hỗ trợ. Mặc dù đã hết sức cẩn trọng trong quá trình chuẩn bị dữ liệu và biểu đồ này, chúng tôi không chịu trách nhiệm/trách nhiệm pháp lý đối với các sai sót hoặc thiếu sót được trình bày ở đây. Ví Web3 OKX và các dịch vụ phụ trợ đi kèm không phải do Sàn giao dịch OKX cung cấp và phải tuân theo Điều khoản dịch vụ của Hệ sinh thái OKX Web3.

Bài viết liên quan

Xem thêm
hard wallet
Security
Wallets
Self-custody

A complete guide to 2024's best hardware wallets

Have you ever considered the most secure method to store your cryptocurrency? A hardware wallet provides an essential safeguard solution for your cryptocurrency assets by keeping them offline. Unlike hot wallets, which can be susceptible to cyber-attacks, hardware wallets securely contain the private keys you need to gain access to your digital assets.
29 thg 7, 2025
Người mới bắt đầu
30
NFTs generic
Blockchain
Ethereum
Protocols

All about Ethscriptions: the Ethereum protocol rivaling Bitcoin ordinals

Bitcoin ordinals took the Web3 world by storm following their introduction in January 2023. The adoption of ordinals has been massive, with millions of inscriptions being created in the few months since launch.
23 thg 7, 2025
2
UPI and Web3 wallets India
Wallets

UPI and Web3 wallets: India's digital payment platform

Does India's adoption of the Unified Payments Interface (UPI) signify the start of a new digital payment revolution? The potential is there. Web3 decentralized protocols and technologies offer individuals more control over their data, identities, and transactions, which could be the next step in the evolution of the internet. With India's evolving digital payment infrastructure, the country is well-positioned to take advantage of the possibilities of decentralization.
23 thg 7, 2025
2
OKX Bot Trading
Trading guide
Blockchain
Trading basics

A beginner’s guide to IPOs: how cryptocurrency firms can go public

An initial public offering (IPO) is the process of a private company offering its shares to the public for the first time, allowing anyone to buy a stake in the company. This usually occurs when a company is looking to raise capital to fund its growth and expansion plans. IPOs have become increasingly popular among cryptocurrency firms in recent years, as they seek to gain mainstream recognition and credibility. This beginner’s guide will explore the IPO process and provide insights into how cryptocurrency firms can go public.
15 thg 7, 2025
Người mới bắt đầu
7
Friend.tech Learn banner
Ethereum

Decoding Friend.tech: a guide to the latest big thing in crypto SocialFi

In the 21st century, social media underwent a revolution. Platforms like Friendster, MySpace, and later Meta reshaped how we connected and shared online. As the years went by, the trend shifted towards mobile-centric platforms like Instagram, X, Snapchat, and TikTok, further expanding the boundaries of online interaction.
15 thg 7, 2025
Người mới bắt đầu
trade-academy-beginner-4
Mining
Bitcoin
Blockchain

The 9 best ASIC miners for mining cryptocurrency in 2024

Cryptocurrency mining is an essential process that secures and verifies transactions within a blockchain network. Miners use computational power to solve complex mathematical problems, validate transa
15 thg 7, 2025
5
Xem thêm