4 min read

Stacks Support To Enable Bitcoin L2 Rewards

Now a stacking provider too!

Published on

31 Jan, 2024

Introduction

Luganodes, an institutional-grade blockchain infrastructure provider, is excited to announce its upcoming support for the Stacks Layer, marking a significant step towards enabling the leading Bitcoin L2 and making it easy for users to earn native BTC rewards as they support consensus. Known for its expertise in providing state-of-the-art blockchain infrastructure solutions, Luganodes is set to become a crucial contributor to the Stacks network with its institutional 'Stacking' solution.

Unlocking Bitcoin's Potential on Stacks Layer

As the blockchain landscape continues to evolve, Luganodes recognizes the pivotal role of Bitcoin in the decentralized finance space. With its support for the Stacks Layer, Luganodes aims to make a contribution in unlocking the full potential of Bitcoin by facilitating faster, more cost-effective transactions on Layer 2 networks, with the added security of 100% Bitcoin finality.

The upcoming releases of the Nakamoto and sBTC upgrades on the Stacks network will pave the way for faster speeds, transactions backed by complete Bitcoin finality, and a seamless integration of the sBTC asset. Luganodes, with its institutional-grade services, is gearing up to provide 100% non-custodial Stacking options for institutions, further strengthening the Stacks ecosystem.

Luganodes as a Signer on the Upcoming Nakamoto Upgrade

A significant highlight of Luganodes' commitment to the Stacks ecosystem is its upcoming role as a Signer on the Stacks network. Luganodes will support as a Signer from day one of the Nakamoto upgrade as well as for the sBTC that follows. This key role of ‘Signer’ involves validating Stacks blocks and processing sBTC transactions, contributing to the security and decentralization of the network. Luganodes, with its industry-leading security practices, aims to play a crucial part in ensuring the smooth transfer of BTC between the Layer 1 and Layer 2.

Institutional-Grade Support for Stacks

Luganodes brings institutional-grade infrastructure and services to the Stacks ecosystem, establishing a solid foundation for institutions exploring opportunities in the Bitcoin DeFi space. With its extensive experience and dedication to industry best practices, Luganodes provides reliable stacking solutions for institutions looking to capitalize on the growing potential of Bitcoin.

For builders interested in integrating Stacking directly into their applications, Luganodes offers White Label services, reducing the additional technical overhead and costly integration efforts. From the ground up, Luganodes' infrastructure is optimized for the security and resilience of staked assets, ensuring high uptime and performance.

"We’re excited to integrate with Stacks, Luganodes envisions sBTC as a cornerstone in the growing Bitcoin economy. As an sBTC Signer and Stacking Node Operator, we're committed to empowering institutional token holders. Luganodes is proud to play a role in establishing sBTC as a preferred asset for Bitcoin-first applications, offering a user-friendly experience for signers in the Bitcoin L2 ecosystem."

Anuj Shankar

CEO, Luganodes

"There are layers to why Luganodes’ support is meaningful to Bitcoiners. As a Signer they will be part of enabling programmable Bitcoin which in turn enables builders to create new use cases for Bitcoin. That’s exciting on its own, but because of their position in the greater staking ecosystem as well as white label services and institutional roster, they’re opening the door to a host of other key network participants as well."

Mitchell Cuevas

Interim Executive Director at the Stacks Foundation

For inquiries or further information about Luganodes' support for the Stacks Layer, please reach out to [email protected]

About Stacks

Stacks is a Bitcoin L2 that enables smart contracts and decentralized applications to use Bitcoin as a secure base layer. The 2024 Nakamoto and sBTC releases will bring faster speeds and transactions backed by 100% Bitcoin finality. ‍Stacks is the current leading Bitcoin L2 by developer traction and market cap and is poised to help unlock Bitcoin and its $500B in passive capital as a fully programmable, productive asset. The Stacks (STX) token, used as gas on the L2, was the first to undergo an SEC-qualified sale in the United States. The project is explicitly decentralized with the mainnet launch in 2021. In the Stacks ecosystem, there are currently 30+ contributing entities including a non-profit Stacks Foundation, a developer tooling company Hiro, Xverse, Trust Machines, Mechanism, Bitcoin L2 Labs, ALEX, Bitcoin Frontier Fund, and more. Press inquiries: [email protected]

About Luganodes

Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 45+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards as well as offering Chainproof insurance to institutional clients.