Stacks represents a rebranded + upgraded version of Blockstack, aiming to tackle the utility and scalability challenges faced by the Bitcoin network. It is a project that holds the potential to enhance the usefulness of the Bitcoin network + unlock its immense value within the DeFi ecosystem. Through the integration of smart contracts + dApps, Stacks seeks to enhance the functionality of Bitcoin. This development would be expected to further elevate BTC's position as a store of value.
The most notable aspect of the Stacks platform for me is its innovative approach to enabling users to earn BTC without engaging in mining activities. By locking $STX tokens individuals have the opportunity to passively earn Bitcoin. This ground breaking concept allows users to earn BTC by leveraging tokens from another blockchain for the first time ever.
However the team behind the project has consistently changed in the company's visions since its inception raising the question was the re-brand done to try and hide some potential nefarious activities as other analysts pointed out? With this hanging over the project I can only give 3* even though I really like this latest idea from them. Show Less
