Can you stake Bitcoin?

No, you cannot stake Bitcoin.

Bitcoin is a proof-of-work cryptocurrency, meaning miners are the ones who validate and secure the network (and earn mining rewards for doing so).

Proof-of-stake cryptos, like Ethereum, uses staked funds to validate new transactions and keep the network alive and running (and earn staking rewards for doing so).

A hyper-cool BTC skateboard deck, as visualized by AI
A hyper-cool BTC skateboard deck, as visualized by AI

So, no, you cannot stake Bitcoin directly. However, you can wrap Bitcoin (wBTC), run it on the Ethereum network and then use different defi protocols to earn yield, but that’s a more advanced discussion for a different day!

Trust no one!

Subscribe to StakePark
Receive the latest updates directly to your inbox.
Mint this entry as an NFT to add it to your collection.
Verification
This entry has been permanently stored onchain and signed by its creator.