DeSpread Joins Stacks Validator to Support the Bitcoin Layer Ecosystem

DeSpread is joining the Stacks, the leading Layer 2 solution for Bitcoin, as a Validator to support the Bitcoin Layer Ecosystem.

Stacks is a Bitcoin Layer 2 solution that utilizes Bitcoin as a secure base layer and currently has the highest developer traction and market capitalization in the Bitcoin ecosystem. With the Nakamoto release, a major network upgrade, and sBTC, a new Bitcoin asset in 2024, it will bring a fast-paced transaction environment based on Bitcoin finality to the Stacks chain and pave the way for expanding Bitcoin’s $500 billion potential utility.

As part of this partnership, DeSpread will be involved in the block validation and BTC <> sBTC deposit/withdrawal signing process for the Stacks network, along with the launch of the Stacks Nakamoto upgrade. DeSpread will also support web3 infrastructure and networking required for Stacks to lead the way in the Bitcoin Layer 2 space, and actively work to bridge the communication gap and spread the Bitcoin builder culture in Asia.

“I’m very excited to join the Stacks network as a Validator. By leveraging our technical expertise and network infrastructure from operating Stacks full nodes, we hope to accelerate innovation in the Bitcoin Layer 2 space. This collaboration brings us one step closer to our goal of expanding the potential of the Bitcoin ecosystem and contributing to its sustainable development. We look forward to working closely with Stacks to bring enterprise-grade infrastructure to many regions, including Asia, to help spread the Bitcoin builder culture.” — Leo Yu, Lead Developer at DeSpread

“The addition of these new validators is an important step towards enabling cost-effective and secure use of Bitcoin globally, and will allow Stacks to create new use cases for Bitcoin with our partners.” — Andre Serrano, sBTC Product Development and Partnerships Lead at Stacks Foundation

▪ Stacks Nakamoto Hub: https://nakamoto.run
▪ Stacks sBTC: https://sbtc.tech

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 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.

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About DeSpread

DeSpread is a leading blockchain consulting firm based in Seoul, South Korea which is founded in 2019. DeSpread provides various solutions starting from go-to-market strategy, Media PR communication, and branding to awareness growth for both domestic and global projects with their unparalleled professional market knowledge and experience. Their expertise reaches all areas of Web3, including DeFi, NFTs, Metaverse, and Gaming, and the consulting services are fully optimized and customizable to meet the specific needs.

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