Stacks has announced the addition of eight new organizations committed to supporting its layer-2 infrastructure. These entities, including Blockdaemon, NEAR Foundation (NEAR-USD), DeSpread, and others, join a robust group of signers, signaling a pivotal moment in Stacks’ growth.
By bringing these new players into the fold, Stacks is beefing up the network’s security muscle and spreading its decentralization wings even further. This gang of reputable staking providers will provide the backbone of the transaction validation and asset management that keeps the Bitcoin (BTC-USD)/sBTC on Stacks smooth and steady.
Fostering Innovation Ahead of the Nakamoto Upgrade
The expanded group of signers is tasked with a critical role in the Stacks network, from validating new blocks to overseeing BTC/sBTC transactions. This integration secures the network and promotes a higher degree of decentralization, aligning with Bitcoin’s core values.
What is the Nakamoto upgrade? The Nakamoto release brings many new capabilities and improvements to the Stacks blockchain by focusing on a set of core advancements: improving transaction speed, enhancing finality guarantees for transactions, mitigating Bitcoin miner MEV (miner extractable value, think reducing costs), and boosting robustness. In a nut shell, the Nakamoto upgrade make Stacks bigger, faster, and stronger.
Stacks’ Market Position amid Bitcoin Surge
The announcement comes when Bitcoin’s market cap has hit a new all-time high, reflecting strong market confidence. Despite a temporary dip in the STX token, Stacks remains a leading solution for developers and investors keen on tapping into the Bitcoin economy.
With their sights set on becoming a linchpin in Bitcoin’s layer-2 scene, and the Nakamoto upgrade ready to break cover, Stacks is gearing up to roll out the red carpet for a slew of innovations. For developers and investors tuned into the Bitcoin frequency, things are about to get a whole lot more interesting.
