Core Foundation Expands Validator Team with BitGo and KODA
The Core Foundation has integrated BitGo and KODA as new validators, driving further institutional adoption of Bitcoin-native DeFi solutions.
Core Foundation Expands Validator Team with BitGo and KODA
Core Foundation has made notable advancements in institutional adoption of Bitcoin-native DeFi by appointing BitGo and KODA as new validators.
Key Highlights:
- The addition of BitGo enhances regulatory confidence, while KODA strengthens Core’s influence in Asia.
- The Core blockchain effectively utilizes a hybrid consensus mechanism combining both Proof of Work and Proof of Stake to ensure security and scalability.
There’s an increase in institutional engagement throughout the digital asset realm. The Core Foundation has tapped into Bitcoin’s security infrastructure to build a Proof-of-Stake (PoS) overlay and a DeFi ecosystem. The announcement of BitGo and KODA joining the validator set signifies a major move towards institutional backing of Bitcoin-native DeFi.
The integration of BitGo—a leading U.S.-qualified custodian—introduces a robust level of regulatory credibility and security into the validator set, which now includes 29 participants. Additionally, KODA, which specializes in South Korean institutional custody and operates on Nodeinfra, is expected to propel Core’s presence and growth within the Asian market, where over 20% of the population owns cryptocurrency.
As stated by Brendon Sedo, one of Core’s initial contributors, “Adding BitGo and KODA as validators on Core represents a critical expansion of our validator network. These two esteemed custodians will bolster our initiatives to enhance Bitcoin utility and promote the institutional adoption of robust Bitcoin yield products.”
John Youngseok Yang, CEO of Nodeinfra, remarked on the strategic partnership’s potential in laying the groundwork for institutional BTC staking in Korea.
The Core blockchain is a scaling and programmability enhancement for Bitcoin, utilizing its Satoshi Plus consensus framework, which combines Proof of Work and Proof of Stake elements, thereby ensuring both security and scalability without sacrificing decentralization.
Currently, over $500 million in BTC is staked within this network, contributing to approximately 75% of the Bitcoin hash rate, making it the most Bitcoin-aligned Layer 1 solution.
Core facilitates institutional-grade offerings such as lstBTC, a liquid yield-bearing representation of BTC that can serve as collateral on major exchanges, as well as Valour’s Yield-Bearing BTC ETP, which provides regulated Bitcoin yield options.
In conclusion, Core is at the forefront of addressing the Bitcoin blockchain’s limitations in programmability and its lack of intrinsic yield, thereby accelerating BTC DeFi.
