In what is shaping up to be another massive year for a decentralized and blockchain powered future, we are thrilled to announce that Blockdaemon will be officially supporting the Stacks 2.0 (formerly Blockstack) mainnet launch. Our mainnet launch support is a continuation of our support of the network, including the testnet and activities like the STX Mining Challenge, we are truly excited to participate in the growth of Stack 2.0 and onward.
Stacks 2.0 represents a huge step for the adoption of Bitcoin, bringing web apps and smart contract capability to its users. With Bitcoin widely accepted as a reliable foundation for digital ownership, the Stacks 2.0 protocol will enable developers to write smart contracts and experiment with previously unfeasible business models, all while benefiting from the security and resilience of Bitcoin.
Institutional interest and investment in Bitcoin and other cryptocurrencies in 2020 demonstrated the need for enterprise grade access and reliability when it comes to connecting to blockchain networks. With that, Blockdaemon is excited to provide institutions the infrastructure and service they require and deserve through our industry leading node operations. The Blockdaemon Stacks 2.0 infrastructure offerings will be available for purchase immediately at launch of mainnet and we are thrilled to be able to support the Stacks team as they launch into this exciting new phase of the protocol.
The Blockdaemon integration with Stacks provides institutions, corporate entities, and individual developers easy to use but powerful node creation and management services, professional support, APIs, monitoring tools, back-up systems, and more. Using Blockdaemon’s Stacks node offerings makes it easier for network participants of any scale to run nodes, and encourages a wide array of participants to join the Stacks network.
Stacks 2.0 introduces Proof of Transfer (PoX), a novel consensus mechanism that enables the Stacks blockchain to tie its security to the Bitcoin network and incentivizes STX token holders to support consensus in return for regular Bitcoin rewards. In addition, mining STX requires no special hardware or high speed internet connection, lowering the barriers to entry so that anyone can mine and earn rewards on the network.
To learn more about how Blockdaemon supports Stacks in building a secure and flexible Web 3.0, please visit the Blockdaemon marketplace.