Blockstack is launching its Stacks 2.0 Blockchain, which uses Bitcoin blockchain as a secure base-layer that brings decentralized apps and smart contracts to Bitcoin through a unique consensus mechanism (Proof-of-Transfer) that runs between the Bitcoin blockchain and the Stacks chain, unlocking new innovation and a new way to earn Bitcoin.
"The first chain to implement PoX (Proof-of-Transfer) is Stacks 2.0, the latest version of the Blockstack chain, which derives its security from Bitcoin. This means that participants in the Stacks 2.0 consensus earn BTC. And Stacks 2.0 has direct access to Bitcoin state and can trigger logic in Clarity smart contracts through changes in Bitcoin state. Clarity itself provides important innovations, such as being decidable for dramatically increased security and assured performance." -- Albert Wenger, managing partner at Union Square Ventures
The launch will be just the beginning of an exciting new era for the Stacks community and for crypto broadly as developers begin to leverage Stacks to build a user-owned internet on Bitcoin.
If you're a developer who is interested in learning more about Stacks 2.0, feel free to register for the Stacks 2.0 Launch Event for free and hear straight from the Stacks crew, featuring leading industry experts: Anthony Pompliano and more.
Cover photo credit: Alex Lee