A key part of the Tezos protocol is its liquid proof-of-stake consensus algorithm through which token holders contribute to the security of the network. This process of securing the Tezos network is called «baking». It can be undertaken directly or delegated to a «baker».
«It is important that individual token holders as well as delegation services have access to appropriate tools and documentation to perform this function. Obsidian will focus on making baking more accessible to everyone and safer through integration with secure hardware components», says Ryan Jesperson, president of the Tezos Foundation. «They will also provide support for those seeking to build delegation services.»
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