Did Stacks land on its feet being in the right place at the right time? I actually think that it did, even though it has been around for many years now and claiming that they have currently $901,546,879.32 locked in Stacking on STX?
So the ideas that they have focused on are very interesting:
Staking and earning BTC through consensus is an interesting idea that it would seem to have already gained good traction.
Clarity smart contracts to bind NFTs to BTC is very interesting and I will be looking deeper into that for my own projects.
Bitcoin DeFi using their smart contracts is also very interesting in terms of what it may allow products to achieve in those countries which already use BTC for transactions.
BNS: A blockchain naming system is very interesting and it would be awesome if this could replace TLDs in the future. I see a lot of opportunity in this area having spoken to two projects last week that would value from this technology.
My final thoughts are that this project has a past (although a little shady) which shows that the team is driving forward in a really interesting set of directions. Either of these directions has tremendous growth potential and utility. Show Less
2
