🐣Bitcoin Ad-hoc Staking

What is Ad-hoc?

The word Ad-hoc is derived from wireless ad hoc network (WANET), a type of local area network (LAN) that is built spontaneously to enable two or more wireless devices to be connected to each other without requiring typical network infrastructure equipment, such as a wireless router or access point.

A PC, laptop or smartphone Wi-Fi interface is used to build an ad hoc network. Because the devices in the ad hoc network can access each other's resources directly through basic peer-to-peer (P2P) or point-to-multipoint modes, central servers are unnecessary for functions such as file sharing or printing. In a WANET, a collection of devices, or nodes -- such as a wireless-capable PC or smartphone -- is responsible for network operations, such as routing, security, addressing and key management.

What is Ad-hoc in Blockchain?

Ad-hoc in blockchain refers to a decentralized network where participants can join and leave the network at any time without requiring permission from a central authority. This allows for a flexible and dynamic network structure, enabling efficient communication and collaboration between participants. In an ad-hoc blockchain network, nodes can communicate directly with each other, eliminating the need for intermediaries and increasing the network's resilience and fault tolerance. Therefore, there are four key features of ad-hoc mechanism: decentralized, permissionless, multi-node and immutable.

What is a Bitcoin Ad-hoc Staking?

Bitcoin does not have a native staking mechanism. Staking is a concept primarily associated with proof-of-stake (PoS) blockchains, where participants can lock up their coins as collateral to validate transactions and create new blocks. Bitcoin, on the other hand, uses a proof-of-work (PoW) consensus mechanism, where miners compete to solve complex mathematical puzzles to validate transactions and secure the network.

Through the integration of features found in proof-of-stake (PoS) blockchains such as Ethereum or Binance Smart Chain (BSC) with the BTC token, B2B facilitates the involvement of BTC holders in a staking mechanism that offers the opportunity to earn additional yield and optimize their capital efficiency. This integration allows BTC holders to engage in staking activities, where they can lock up their BTC holdings as collateral and actively participate in the validation and creation of new blocks on the network. By doing so, BTC holders can earn rewards in the form of additional tokens or fees for their contribution to the network's security and consensus process. The staking process is further illustrated in the accompanying diagram, which showcases the step-by-step procedure of staking BTC on a single node utilizing the BSC chain. This integration of BTC staking with the BSC chain provides BTC holders with a means to diversify their investment strategy and potentially increase their returns while leveraging the benefits of the BSC network.

The aforementioned constitutes a single node staking scenario. Leveraging the four fundamental attributes of an ad-hoc mechanism, we are diligently constructing an all-encompassing Bitcoin staking mechanism that is fully decentralized, permissionless, multi-node, and immutable, which we refer to as our Ad-hoc staking solution. Our commitment to full decentralization entails endowing B2B with complete decentralization, where the governance lies in the hands of BTC holders themselves. Similar to local self-determinations, voters possess the authority to determine the subsequent network endpoints. In line with our permissionless approach, we extend an open invitation to all individuals to partake in the staking process, without the need for explicit authorization from any central authority. Our multi-node capability empowers us to support diverse EVM chains, Non-EVM chains, and we are actively strategizing to leverage the staking process on the taproot of the Lightning Network. Lastly, we ensure immutability through the employment of aggregated security measures, thereby safeguarding the integrity and reliability of the information stored on the blockchain, impervious to tampering or manipulation.

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