SIP-027 Vote Results
The Community Approves Non-sequential Multisig Transactions
The results are in for the SIP-027 vote and the community has approved the upgrade to bring non-sequential multisig transactions to the Stacks layer. Congratulations to Vlad Bespalov and Jeff Bencin, the authors of this SIP! This improvement will be released as part of the Nakamoto upgrade which will begin its activation process on August 28th.
The Quick Results:
- Solo stackers and pool stackers voted 100% in favor of SIP-027.
- Non-stackers voted 98.125% in favor of SIP-027.
The Voting Breakdown
- Stacking Solo: 100% voted ‘Yes.’ There were 3.44M STX used for solo stacker votes.
- Stacking in a Pool: 100% voted ‘Yes.’ There were 114.90M STX used for pool stacker votes.
- Non-Stackers: 98.125% voted ‘Yes.’ There were 268,000 STX used for non-stacker votes.
- Total ‘Yes’: The total voting power for ‘Yes’ was 118,632,231.06 (268,674.13 + 114,914,556.93 STX + 3,449,000). This was well over the 80m STX threshold for the vote to carry.
- Total ‘No’: The total voting power for ‘No’ was 17.89 STX
There were 258 invalid votes in favor of the upgrade and 1 invalid vote against the upgrade. These votes did not qualify for the vote because the addresses that voted were not Stacking for a qualified period, or voted from a BTC address that wasn’t associated with a STX address that was Stacking. The team supporting stx.eco is continuing to look for improvements to help users from casting invalid votes. If you’d like to be involved in the discussion, please get in touch: [email protected]
Voting Highlights
- The total number of STX used to vote was 118,632,248.96.
- 236 unique addresses took part in the vote.
- Only one address voted ‘No’, with a total voting power of 17.89 STX
- For all participating Stackers, there was not a single ‘No’ vote cast.
Background on SIP-027
SIP-027 proposal aimed to introduce a more user-friendly multisig transaction format, designed to coexist with the current format outlined in SIP-005. The core objective of SIP-027 was to eliminate the fixed signer order requirement, thereby streamlining the signing process without compromising security or increasing transaction size. This enhancement was proposed with the goal of improving wallet support for Stacks multisig transactions and ultimately providing a more seamless experience for users.
What's next?
Support for Non-sequential Multisig Transactions will be included in the Nakamoto release, paving the way for a more flexible and user-friendly approach to multisig transactions on the Stacks layer. Up next, we expect a vote related to sBTC’s Bootstrap phase (SIP-028) in mid-September. Follow the Stacks Foundation X account or join the weekly public SIP calls for the latest updates.
Thank you for your continued efforts toward improving the leading Bitcoin L2!
Thank you for your continued efforts toward improving the leading Bitcoin L2!
Join the Stacks community for a special edition of townhall on the day Nakamoto Activation begins! Hear from Core Developers, teams with recent and upcoming launches, key contributors, and some special guests!