Merge Staking Testnet -01 (Closed) FAQs
What is b14g?
b14g is a Bitcoin Merge Staking protocol that taps into Bitcoin's economic power to unlock protocol-owned security. Our Merge Staking model allows protocols to pair their native tokens with BTC for staking. This approach gives protocols access to Bitcoin's liquidity and stability for stronger network security while boosting their native token's utility, helping them grow in the long-term.
What problems does b14g Merge Staking solve?
Many DeFi protocols use Bitcoin to bootstrap security initially, but for long-term success, they need to shift focus to their native tokens. Without a sustainable role or real utility, these native tokens risk becoming sidelined and losing value over time, which can hurt the protocol's growth.
At the same time, protocols often struggle to encourage staking of their native tokens while still using Bitcoin staking for security. How do they balance the two?
Our Merge Staking model solves this by connecting native tokens with Bitcoin’s economic security. This helps protocols balance the need for both BTC security and native token utility, driving sustainable growth.
What is b14g Testnet-01?
The b14g Bitcoin Merge Staking Testnet-1 is a testing environment designed to evaluate the security and functionality of Bitcoin staking on the Signet BTC test network. It allows participants to stake simulated Signet Bitcoins and interact with the b14g protocol.
Note: Signet Bitcoin is a simulated currency used for testing purposes only. It does not carry any monetary value and is not redeemable or tradable.
Are there any rewards or penalties in the testnet?
No, there will be no PoS test chain, PoS test staking rewards, or slashing in this testnet. This testnet aims to focus on the security of staked Signet Bitcoins by testing user interactions with the Signet BTC test network.
However, participants will receive points for their contributions to b14g during the testnet. While the specific future benefits of these points cannot be disclosed at this time, they hold potential value.
In upcoming phases, PoS chains will be integrated to test data aggregation between the Bitcoin chain and PoS chains. This phase will introduce restaking rewards and a slashing mechanism.
Are there any risks involved in participating in the testnet?
Since Signet Bitcoin is a simulated currency, there are no financial risks. However, this testnet is an opportunity to test and improve the security of Bitcoin restaking protocols.
What should I do if I encounter issues or bugs while participating in the testnet?
Report any issues or bugs through the designated support channels on our Telegram Community chat. Your feedback is valuable to help improve the system.
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