It's no wonder that Stacks is gaining in traction recently, given the SEC's crackdown on crypto in the US. Since they are targeting certain altcoins they are labelling as 'securities' including ETH, Bitcoin maxis are coming out of the woodwork to declare Bitcoin as the only safe haven in the crypto space.
Stacks is an open-source layer 2 blockchain that introduces smart contracts and... More
What sets Stacks apart from other cryptocurrencies is its emphasis on decentralized app development and privacy. The Stacks blockchain offers a more secure and reliable environment for building dApps compared to traditional apps. It provides features such as the Clarity programming language and Gaia for safeguarding user data and enabling auditable contracts.
Another distinctive aspect of Stacks... More
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... More
So if I understand correctly, they are competing with Taproot, which is the Bitcoin foundation own support for smart contract on Bitcoin amongst some speed upgrade. So, will stack truly have a chance to gain market shares as an external service provider as compared to an upgrade itself of the Bitcoin network?
Note... More
What's going on here?
At first glance, the project looks very interesting and promising. The way they add smart contracts to the Bitcoin network on top of it deserves attention.
However, when you start digging deeper into the company's history, some unclear facts come to light.
1)The company was founded in 2014 and received its first seed round of $1,400,000 that same year. But at that time,... More
The Stacks project was initially launched by Muneeb Ali and Ryan Shea as OneName in 2013. The project's brief was to act as a domain name system for bitcoin, which they later extended to offer a suite of tools for proving one's online identity on chain. For this, the project received a $1.4 billion via a seed round, behind which a number of notable backers were involved including Union Square... More
The Bitcoin blockchain only allows about 7 transactions per second (TPS) and is highly inefficient. Stacks is a Bitcoin L2 utilizing Proof of Transfer that enables decentralized apps and smart contracts to bring functionality to Bitcoin, without modifying Bitcoin itself.
Stacks provides many benefits that would incentivize businesses to build on their network, such as: Utilising the $1T Bitcoin... More
I have done my research on the community in recent days, and I must say that I am not disappointed.
First and foremost, I had a positive experience with Telegram, which has 11.9k members. The administrators are prompt and clear in providing answers to members' questions. Usually I notice that activity tends to decline after the initial launch period, typically lasting a month or two, but this is... More
Despite the negativity surrounding Stacks (in our reviews), they are actually performing quite well. The chart shows strong potential, and even the bullish sentiment is evident. Has the past been forgiven? I took a look at the activity surrounding Stacks.
Being under the wing of Mr. Bitcoin always carries strength, and in March, STX even ranked in the top 15 of the most traded tokens.
One... More
I entered their official Telegram group and asked a technical question about the structure of their blockchain.
Exactly 15 seconds later, a person claiming to be the customer support contacted me via Telegram. I was happy to receive such a quick response, but as you might have guessed, in the end, it turned out to be a scammer. Within 5 minutes, I received two calls and three messages from... More
The team behind Stacks is skilled and brings diverse expertise to the table. Blockstack, the company responsible for developing Stacks, was founded by Muneeb Ali and Ryan Shea.
Muneeb Ali is a respected computer scientist with a Ph.D. from Princeton University. His knowledge of distributed systems and decentralized networks has influenced the development of the Stacks blockchain. Ali is... More
One of the things I personally love about Stacks is its daring ambition - turning Bitcoin into a programmable base where complex applications can take root. It's no small feat, and the possibility is like a beacon in the fog for the Bitcoin community. Stacks mission brings a breath of fresh air to the scene and stands as a testament to the innovative spirit in the crypto space.
Stacking a... More
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.... More
Stacks is an innovative and distinctive project with the potential to enhance the functionality of the Bitcoin network. It aims to tap into the significant value of Bitcoin by integrating it more effectively into the DeFi ecosystem through the incorporation of smart contracts and dApps. This endeavor, coupled with Bitcoin's established store of value proposition, is anticipated to further elevate... More
Stacks is an impressive blockchain that combines the security of Bitcoin with smart contract capabilities. The Stacks blockchain, built on top of Bitcoin, ensures the stability and integrity of the network. This integration is a significant achievement, as it leverages the robustness of Bitcoin and expands its functionalities. The use of Proof of Transfer (PoX) to link the two blockchains... More
The Bitcoin blockchain only allows about 7 transactions per second (TPS) and is highly inefficient.- Stacks is a Bitcoin L2 utilising Proof of Transfer that enables decentralized apps and smart contracts to bring functionality to Bitcoin, without modifying Bitcoin itself.
Stacks provides many benefits that would incentivize businesses to build on their network, such as: Utilising the $1T Bitcoin... More
