Stacks 2.0 will revolutionize the internet itself by creating a decentralized ecosystem owned by the user and built on the most secure blockchain in the world. This is achieved by anchoring apps and smart contracts in bitcoin. The innovation will also create a whole new way for users to make money BTC, without the need to buy mining infrastructure or trust faulty Fi protocols.
Smart contracts, decentralized apps and stakeout BTC
When the Internet was young, visionaries described how it could bring about a future of endless possibilities, free exploration, uncensored communication, and casual creation. What remains today is constant surveillance and a handful of giant companies making every possible profit from the sale of your private data. Fortunately, a big change is on the horizon.
Bitcoin has the potential to free humanity from the shackles of centralized banking systems and corruption in many places. Because of its decentralized nature, the elimination of the need for a reliable third party and because it is a demonstrable and reliable store of value, it is already a revolution in money. Now it can do the same for the internet.
Stacks 2.0 will reinvent the internet by enabling a whole new ecosystem of services and applications where the users own their personal data and everything is secured by bitcoin.
In simple technological terms, Stacks 2.0 is a layer-1 blockchain that supports the BTC blockchain as a base layer. Proof-of-Transfer creates consensus between two blockchains, Bitcoin and Stacks, creating a native connection that enables innovation on Bitcoin without ever changing it. Along with Stacks 2.0 also comes a new programming language called Clarity, which gives developers a secure way to build complex smart contracts, where the code itself clearly shows what the program will do when executed (hence the name).
Stacks 2.0 creates a whole new way to make money BTC
In addition to these important technological innovations, users can earn money with Stacks 2.0 BTC in a whole new way that is currently missing from the scene. For the very first time, you can lock one asset (STX) and earn rewards with the protocol in a reserve currency (BTC). This is called ‘Stacking’ and is an important aspect of the aforementioned ‘Proof-of-Transfer consensus mechanism’. Stackers support consensus on the blockchain by locking or delegating their STX and are rewarded every cycle BTC payouts.
Currently, DeFi users are forced to wager all kinds of tokens and usually earn the same token in kind, to which they usually convert BTC for safe keeping. With Stacks 2.0, STX holders can instantly earn the world’s most valuable and sought-after cryptocurrency, without the added hassle. Plus, there’s no need to trust shady buggy code projects where the current DeFi landscape is sadly packed.
STX was initially distributed to the public through the very first SEC-qualified token offering in US history and the project recently has released a legal memo which explains how STX can exit securities status and become tradable on US exchanges. In fact, OKCoin has committed to listing STX in the US with the launch of Stacks 2.0.
Stacks 2.0 is based on the success of Blockstack which raised more than $ 75 million from equity investments and token offerings for the Stacks 1.0 ecosystem which currently includes more than 400 apps. The new launch of the mainnet is expected on January 14, 2021. For more information about the upcoming launch of Stacks 2.0, visit the website and make sure Register to secure your spot for the event.
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