Ryder will operate FAST Pool and become a signatory of Stacks Satoshi upgrade
[ad_1]
Disclaimer: This article does not represent investment advice. The content and materials on this page are for educational purposes only.
Crypto hardware wallet Ryder will integrate the self-service stacking service FAST Pool and participate as a signer in the upcoming Nakamoto upgrade of Stacks.
In a press release shared with crypto.news, this partnership marks a key step in evolving Stacks into a complete Bitcoin layer 2 solution.
FAST Pool is a stacking service within the Stacks ecosystem that enables users to stack STX, participate in network validation, and facilitate processing of sBTC, a decentralized 1:1 Bitcoin-backed asset.
By operating the FAST Pool and becoming a signer in the Nakamoto upgrade, Ryder is strengthening the decentralized foundation of the Stacks ecosystem and paving the way for a more powerful and scalable Bitcoin experience.
As a signer, Ryder will play a key role in enabling the permissionless transfer of BTC to the stack layer through its open network.
Signers verify stack blocks and process transactions, ensuring the security and integrity of the network. Ryder’s participation in the Stacks ecosystem, with a total value locked (TVL) of 43 million STX, will further enhance the decentralization and resilience of the network.
Ryder CEO Louise Ivan said:
“Making users’ lives easier and more secure is core to our mission at Ryder. By bringing FAST Pool to the Ryder family, we are committed to increasing usability and accessibility within the Stacks ecosystem. Together we are committed to unique security at the Stacks layer properties to provide users with an additional layer of security. We believe this partnership marks a critical moment in the development of Bitcoin, making it truly accessible to everyone.”
This integration is an important milestone for Ryder and the wider Stacks community, further strengthening Bitcoin’s layer 2 security and decentralization.
By allowing users to participate in network verification and enable seamless transfers of BTC to sBTC, Ryder enables individuals to own their own digital assets and contribute to the future of Bitcoin.
Disclosure: This content is provided by a third party. crypto.news does not endorse any of the products mentioned on this page. Users must conduct their own research before taking any action related to the Company.
