What is Taker-Lite Mining?

Taker Protocol serves as a liquidity layer for Bitcoin and its derivatives, focusing on enhancing Bitcoin’s utility and scalability. The protocol introduces a unique consensus mechanism called Nominated Proof-of-Liquidity (NPOL), which aligns liquidity provision incentives with ecosystem growth.
Founded in 2021 by Angel Xu, Taker Protocol secured $3 million in seed funding from notable investors including Electric Capital, Dragonfly, and DCGco. The protocol enables users to stake various Bitcoin assets (BTC/Ordi, BTC/Sats, BTC/WBTC) to become validators or nominators, earn trading fees and block rewards from the Taker chain.
The protocol supports multiple applications within the Bitcoin ecosystem, including layer 2 solutions, native swaps, restaking, lending, and gaming features. Through integration with platforms like Particlentwrk, Taker aims to provide universal accounts for cross-chain transactions without traditional bridging requirements.

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