Figment now supports stacking on the Stacks protocol, further enhancing our commitment to scaling Bitcoin to new heights, fostering an accessible, secure, and innovative blockchain ecosystem.
Empowering the Bitcoin Economy Through Stacks
Stacks, a leading Layer 2 solution built on Bitcoin, introduces a range of advanced features aimed at expanding Bitcoin’s utility without compromising its core attributes. With the upcoming Nakamoto upgrade, Stacks enhances its integration with Bitcoin, offering faster transaction capabilities and reinforced security protocols.
What are the Features and Innovations of Stacks?
- Enhanced Bitcoin Finality: The upgrade ensures that transactions on the Stacks network achieve finality, making them as secure and irreversible as those on the Bitcoin blockchain.
- Increased Transaction Speed: By optimizing the block times, the Nakamoto upgrade reduces transaction delays, thereby improving the overall network efficiency and user experience.
- sBTC Introduction: Following the upgrade, the Stacks network will introduce sBTC, a Bitcoin-backed asset that enables seamless integration of Bitcoin into smart contracts and decentralized applications on Stacks.
Why Stacks Matters
Stacking on Stacks opens up new opportunities for network participants to earn rewards directly in Bitcoin (Satoshis/Sats) by engaging with the network’s consensus mechanism. This not only enhances the security of the network but also provides a novel way for participants to accrue value within the Bitcoin ecosystem.
What is Figment’s Role?
As a trusted partner in the blockchain space, Figment is proud to offer enterprise-grade staking solutions on Stacks. Our involvement extends to participating in the Stacks testnet, ensuring that our infrastructure is aligned with the latest technological advancements and security standards.
Start Stacking Stacks Today
We invite our clients to explore the benefits of stacking on Stacks with Figment. Our team is equipped to provide detailed information, support, and services to help you engage with this exciting new development in the blockchain sphere. For more information and to start stacking, please visit our website or contact our support team.
The information herein is being provided to you for general informational purposes only. It is not intended to be, nor should it be relied upon as, legal, business, tax, or investment advice. Figment undertakes no obligation to update the information herein.
