PANews reported on March 13 that Mirror L2 has officially changed its name to Mirror Staking Protocol, which will focus more on providing a truly decentralized and secure BTC staking solution for BTC L2 projects, ensuring that BTC is 100% safely transferred to L2 and shared in BTC L2.
The Mirror Staking Protocol uses the Overlap Packet Multisig (MSG) algorithm, which is managed by hundreds or thousands of nodes, effectively balancing BTC staking rate, security, and decentralization. The algorithm has been published in top conference papers. This is also a practice of modular blockchain design, generating mBTC that is 1:1 pegged to BTC is EVM-compatible and has been empowered with a restaking mechanism.
Mirror provides an absolutely secure and decentralized BTC staking solution for BTC L2 projects, and Mirror and BTC L2 projects are in an upstream and downstream collaborative relationship. If the BTC L2 project is compared to an electric vehicle manufacturer, Mirror provides a battery pack, and if the BTC L2 project is a large model (LLM), Mirror is the computing power center.
Mirror plans to build TVL and ecosystem alongside other BTC L2 projects through the "Stake Once, Earn Twice" campaign.