Bitcoin initiated a revolutionary era in decentralized finance, providing users with autonomy over their finances through a peer-to-peer network. Like Stacks highlights in their documents, Satoshi also envisioned Bitcoin as a network that will empower others by combining their GPU power.

Bitcoin was the start of a new era, now it’s moment to utilize it to grow and take it to the next level so more people can benefit from it.

We are excited to be part of Stacks journey and to be able to work with them as Signers.

Stacks introduces an innovative solution to the blockchain trilemma by utilizing Bitcoin as the foundational settlement layer. It enhances this with the integration of smart contracts and programmability, supported by Hiro’s Subnets, to achieve scalability and swift transaction speeds.

The native token of Stacks not only maintains a historical ledger of transactions but also serves as an economic incentive that fuels the network’s growth and security. This approach departs from a reliance on altruism for block production, instead offering a token-based incentive that simultaneously rewards builders, token holders, and investors.

Stacks harnesses Bitcoin’s underlying security to enable the development of decentralized and censorship-resistant applications, with the ultimate goal of establishing a comprehensive network of financial systems and decentralized software that all utilize Bitcoin as their core currency.

Understanding PoX begins with Proof of Burn (PoB), a consensus method where miners burn a proof-of-work cryptocurrency to compete for network validation rights. PoX builds on this by using the cryptocurrency of an established blockchain to secure a newer blockchain, but instead of destroying the currency, it is transferred to other network participants.

This innovative mechanism allows participants to secure the PoX network while earning rewards in the base cryptocurrency, using Bitcoin as its anchor. The functionality of PoX is implemented through a Clarity smart contract on the Stacks blockchain. Here, PoX miners receive newly minted STX tokens by transferring Bitcoin to selected STX token holders.

In the PoX system, miners commit Bitcoin to two addresses with each leader block commit, chosen randomly via a verifiable-random-function based on the current reward set of stacking participants.

Miners run specialized Stacks nodes to engage in this mechanism through several phases:

• Registration: Miners signal their future participation by submitting consensus data.

• Commitment: Bitcoin is transferred to a group of participating STX token holders.

• Election: A random function selects a miner to produce the next block.

• Assembly: The chosen miner writes the block and collects new STX tokens as rewards.

Stacking, distinct from traditional PoS staking, rewards STX token holders with Bitcoin for locking up their tokens and participating as consensus-critical signers. Unlike PoS, where the yield is generated from the same token, stacking provides yield in a separate token (BTC), sourced from external contributions by Stacks miners.

The upcoming Nakamoto Release, a hard fork scheduled for Bitcoin block 840,360, promises significant enhancements to the Stacks network, including increased transaction throughput and 100% Bitcoin finality. This upgrade will alter the block production process, where miners will follow a fixed schedule rather than being selected through elections, thus increasing the efficiency and stability of the network.

The Nakamoto upgrade is set to enhance transaction speed, fortify finality guarantees, reduce opportunities for miner extractable value (MEV) affecting PoX, and strengthen the network’s defense against reorganizations.

This evolution of the Stacks network represents a significant stride in blockchain technology, promising to enhance its scalability, security, and efficiency, all while continuing to build upon the foundational principles set forth by Bitcoin.

We are glad to be part of Stacks signers’ set and we look forward to keep working together to take the vision og Bitcoin to the next level, where more people can benefit from the soveraignty and decentralization this brings.

We invite the community to participate actively by delegating tokens to SenseiNode. This involvement not only helps strengthen the network but also positions participants to benefit from the growth and innovations driven by Stacks.

Stay tuned to learn more how to stack with us!

SenseiNode is the first blockchain infrastructure independent service provider in Latin America.

We automate and simplify the deployment and monitoring of nodes on leading protocols, providing access via our APIs to organizations looking to build their blockchain infrastructure with a high availability and low total cost of ownership.

Website — Telegram — Twitter — Linkedin — Instagram — Youtube — Mirror

Bitcoin initiated a revolutionary era in decentralized finance, providing users with autonomy over their finances through a peer-to-peer network. Like Stacks highlights in their documents, Satoshi also envisioned Bitcoin as a network that will empower others by combining their GPU power.

Bitcoin was the start of a new era, now it’s moment to utilize it to grow and take it to the next level so more people can benefit from it.

We are excited to be part of Stacks journey and to be able to work with them as Signers.

Stacks introduces an innovative solution to the blockchain trilemma by utilizing Bitcoin as the foundational settlement layer. It enhances this with the integration of smart contracts and programmability, supported by Hiro’s Subnets, to achieve scalability and swift transaction speeds.

The native token of Stacks not only maintains a historical ledger of transactions but also serves as an economic incentive that fuels the network’s growth and security. This approach departs from a reliance on altruism for block production, instead offering a token-based incentive that simultaneously rewards builders, token holders, and investors.

Stacks harnesses Bitcoin’s underlying security to enable the development of decentralized and censorship-resistant applications, with the ultimate goal of establishing a comprehensive network of financial systems and decentralized software that all utilize Bitcoin as their core currency.

Understanding PoX begins with Proof of Burn (PoB), a consensus method where miners burn a proof-of-work cryptocurrency to compete for network validation rights. PoX builds on this by using the cryptocurrency of an established blockchain to secure a newer blockchain, but instead of destroying the currency, it is transferred to other network participants.

This innovative mechanism allows participants to secure the PoX network while earning rewards in the base cryptocurrency, using Bitcoin as its anchor. The functionality of PoX is implemented through a Clarity smart contract on the Stacks blockchain. Here, PoX miners receive newly minted STX tokens by transferring Bitcoin to selected STX token holders.

In the PoX system, miners commit Bitcoin to two addresses with each leader block commit, chosen randomly via a verifiable-random-function based on the current reward set of stacking participants.

Miners run specialized Stacks nodes to engage in this mechanism through several phases:

• Registration: Miners signal their future participation by submitting consensus data.

• Commitment: Bitcoin is transferred to a group of participating STX token holders.

• Election: A random function selects a miner to produce the next block.

• Assembly: The chosen miner writes the block and collects new STX tokens as rewards.

Stacking, distinct from traditional PoS staking, rewards STX token holders with Bitcoin for locking up their tokens and participating as consensus-critical signers. Unlike PoS, where the yield is generated from the same token, stacking provides yield in a separate token (BTC), sourced from external contributions by Stacks miners.

The upcoming Nakamoto Release, a hard fork scheduled for Bitcoin block 840,360, promises significant enhancements to the Stacks network, including increased transaction throughput and 100% Bitcoin finality. This upgrade will alter the block production process, where miners will follow a fixed schedule rather than being selected through elections, thus increasing the efficiency and stability of the network.

The Nakamoto upgrade is set to enhance transaction speed, fortify finality guarantees, reduce opportunities for miner extractable value (MEV) affecting PoX, and strengthen the network’s defense against reorganizations.

This evolution of the Stacks network represents a significant stride in blockchain technology, promising to enhance its scalability, security, and efficiency, all while continuing to build upon the foundational principles set forth by Bitcoin.

We are glad to be part of Stacks signers’ set and we look forward to keep working together to take the vision og Bitcoin to the next level, where more people can benefit from the soveraignty and decentralization this brings.

We invite the community to participate actively by delegating tokens to SenseiNode. This involvement not only helps strengthen the network but also positions participants to benefit from the growth and innovations driven by Stacks.

Stay tuned to learn more how to stack with us!

SenseiNode is the first blockchain infrastructure independent service provider in Latin America.

We automate and simplify the deployment and monitoring of nodes on leading protocols, providing access via our APIs to organizations looking to build their blockchain infrastructure with a high availability and low total cost of ownership.

Website — Telegram — Twitter — Linkedin — Instagram — Youtube — Mirror