A slew of crypto staking and infrastructure leaders have publicly committed to securing the Stack (STX) blockchain – a network focused on bringing staking, NFTs, and other functionality to Bitcoin (BTC).
The eight new organizations joining Stacks Consensus include Blockdaemon, NEAR Foundation, DeSpread, Luxor, Chorus One, Kiln, Restake, and Alum Labs.
The new companies join pre-existing groups including Copper, Figment, Luganodes, Xverse, and Ryder, alongside the network’s community Stacking pools, and individual stackers.
“Stacking” is one side of the Proof of Transfer Consensus mechanism that helps secure Stacks.
First, Stacks miners commit their BTC to Stacks for the right to mine the network’s new blocks, and earn newly minted STX tokens in return. After that, the Stackers – STX owners who choose to lock away their tokens for yield – periodically earn BTC invested by Stacks miners.
While the blockchain is open for anyone to become a signer, Stackers will perform the a
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