Polyhedra Network, a blockchain technology company, and EigenLayer, a staking platform, have partnered to develop a dual-staking mechanism for Bitcoin. This mechanism allows Bitcoin (BTC) holders to stake their assets to secure the blockchain network and earn rewards.

To integrate BTC into dual-staking, Polyhedra Network has developed a unique Bitcoin bridge that enables cross-chain transactions between Bitcoin and other blockchains. This bridge uses zero-knowledge proofs (zk-proofs) to secure transactions, even though Bitcoin does not support smart contracts.

Dual-staking with BTC offers a number of benefits for BTC holders and the Bitcoin ecosystem as a whole. First, it allows BTC holders to earn rewards for staking their assets. Second, it helps to strengthen the Bitcoin network by providing additional security. Third, it helps to expand the usability of Bitcoin by allowing it to be used in staking applications.

According to a Polyhedra Network announcement, the dual-staking mechanism with BTC will be rolled out in Q2 2023.