Bitcoin-Based Network Stacks Now Supported by NEAR Foundation, DeSpread, Luxor as Validators

Ahead of Nakamoto upgrade activation, Stacks network strengthens its ecosystem with the participation of the industry’s leaders in staking and validation capacities.According to the press release shared with U.Today, eight new organizations have begun supporting the leading Bitcoin L2 network as signers: Blockdaemon, NEAR Foundation, DeSpread, Luxor, Chorus One, Kiln, Restake and Alum Labs.

On Stacks, signers are responsible for validating new Stacks blocks. Also, novel participants will eventually be responsible for signing deposit and withdrawal transactions for BTC/sBTC transactions. These Signers add yet another layer of decentralization and bring industry leading infrastructure to the leading Bitcoin L2 as the ecosystem seeks to unlock the Bitcoin economy and bring Bitcoin to billions of users. Together, we are poised to unlock exciting new use cases for Bitcoin.Thanks to the balanced design of the network mechanism, the signer set is open and will include the thousands of Stackers currently locking over $1 billion in STX in Stacks' consensus.

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