{"id":173572,"date":"2024-10-22T14:54:51","date_gmt":"2024-10-22T14:54:51","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=173572"},"modified":"2024-10-22T14:54:56","modified_gmt":"2024-10-22T14:54:56","slug":"stacks-foundation-collaborates-with-asymmetric-for-secure-bitcoin-backed-sbtc-launch","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/stacks-foundation-collaborates-with-asymmetric-for-secure-bitcoin-backed-sbtc-launch\/","title":{"rendered":"Stacks Foundation Collaborates with Asymmetric for Secure Bitcoin-Backed sBTC Launch"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul>\n<li style=\"text-align: justify\">The <strong>Stacks Foundation has partnered with Asymmetric Research<\/strong> to strengthen the security of the upcoming Bitcoin-backed sBTC token.<\/li>\n<li style=\"text-align: justify\">The launch of sBTC in Q4 2024 will allow Bitcoin users to <strong>interact with DeFi applications<\/strong> <strong>securely<\/strong>.<\/li>\n<li style=\"text-align: justify\">Asymmetric Research will act as a &#8220;<strong>signer<\/strong>&#8221; of the sBTC system, <strong>ensuring secure transactions<\/strong> alongside 30 other companies.<\/li>\n<\/ul>\n<hr \/>\n<p style=\"text-align: justify\">The <strong><a href=\"https:\/\/crypto-economy.com\/stacks\/\" target=\"_blank\" rel=\"noopener\">Stacks<\/a> Foundation<\/strong> has announced a strategic <strong>collaboration<\/strong> with <strong>Asymmetric Research<\/strong>, a renowned <strong>crypto security<\/strong> firm, to enhance the protection of its upcoming <strong>sBTC<\/strong> asset, a token backed 1-to-1 by <strong>Bitcoin<\/strong>. This alliance arises in response to the growing relevance of layer-2 scaling solutions in the BTC ecosystem, as the network seeks to expand its capabilities without compromising its inherent security.<!--more--><\/p>\n<p style=\"text-align: justify\">The sBTC asset, scheduled to launch in Q4 2024, will <strong>allow <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" target=\"_blank\" rel=\"noopener\">BTC<\/a> users to access a variety of decentralized applications (dApps)<\/strong> and participate in the DeFi ecosystem.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Incredible News! Industry heavyweight Asymmetric Research enters the Stacks ecosystem as core security contributor and Signer for sBTC \ud83d\udfe7<\/p>\n<p>Leading security firm <a href=\"https:\/\/twitter.com\/asymmetric_re?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@asymmetric_re<\/a> has joined the Stacks ecosystem as a security contributor to the leading Bitcoin L2.<\/p>\n<p>More info 1\/4 \ud83d\udc47 <a href=\"https:\/\/t.co\/STyUxHOWyE\" target=\"_blank\">pic.twitter.com\/STyUxHOWyE<\/a><\/p>\n<p>&mdash; stacks.btc (@Stacks) <a href=\"https:\/\/twitter.com\/Stacks\/status\/1848728075736952937?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 22, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">Asymmetric Research will play a crucial role in this new stage by acting as one of the system&#8217;s &#8220;<strong>signers<\/strong>,&#8221; ensuring that transactions between Bitcoin and sBTC are conducted <strong>safely and efficiently<\/strong>. The firm will join 30 other companies, including <strong>BitGo<\/strong> and <strong>Blockdaemon<\/strong>, to <strong>guarantee the security and decentralization of sBTC<\/strong>, demonstrating Stacks&#8217; commitment to the robustness of the system.<\/p>\n<p style=\"text-align: justify\">Asymmetric Research already has a <strong>strong track<\/strong> record in protecting blockchain networks such as <strong>Solana and Cosmos<\/strong>, making its inclusion in the Stacks project essential for the successful launch of sBTC. Its experience in securing digital assets in decentralized networks will be key to <strong>mitigating potential risks and increasing user trust<\/strong>.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-168694\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/07\/stacks-post-1.jpeg\" alt=\"stacks post\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/07\/stacks-post-1.jpeg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/07\/stacks-post-1-300x109.jpeg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/07\/stacks-post-1-768x279.jpeg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<h2 style=\"text-align: justify\">Stacks to Reward Bug Finders<\/h2>\n<p style=\"text-align: justify\">Bitcoin scalability solutions are becoming increasingly important, and sBTC will take a significant step towards <strong>integrating Bitcoin with the <a href=\"https:\/\/crypto-economy.com\/defi-decentralized-finances\/\" target=\"_blank\" rel=\"noopener\">DeFi<\/a> world<\/strong>. Users will be able to interact with decentralized applications <strong>without leaving the Bitcoin network<\/strong>, allowing them to leverage the base chain&#8217;s security while accessing new financial opportunities.<\/p>\n<p style=\"text-align: justify\">To complement this effort, the Stacks Foundation has also involved other cybersecurity companies, such as <strong>Hypernative<\/strong>, and launched a <strong>bug bounty program through Immunefi<\/strong>, aimed at continuously testing the system and detecting vulnerabilities before the official launch.<\/p>\n<p style=\"text-align: justify\">The sBTC launch will expand Bitcoin&#8217;s reach and utility in DeFi applications, positioning Stacks as one of the leading layer-2 solutions in the BTC network<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR The Stacks Foundation has partnered with Asymmetric Research to strengthen the security of the upcoming Bitcoin-backed sBTC token. The launch of sBTC in Q4 2024 will allow Bitcoin users to interact with DeFi applications securely. Asymmetric Research will act as a &#8220;signer&#8221; of the sBTC system, ensuring secure transactions alongside 30 other companies. The &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Stacks Foundation Collaborates with Asymmetric for Secure Bitcoin-Backed sBTC Launch\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/stacks-foundation-collaborates-with-asymmetric-for-secure-bitcoin-backed-sbtc-launch\/#more-173572\" aria-label=\"More on Stacks Foundation Collaborates with Asymmetric for Secure Bitcoin-Backed sBTC Launch\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":173574,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100,70,74],"tags":[4602,4620,4656,5170,4817,9919],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173572"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=173572"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173572\/revisions"}],"predecessor-version":[{"id":173575,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173572\/revisions\/173575"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/173574"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=173572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=173572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=173572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}