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Unlocking Hundreds of Billion in Capital with Brittany Laughlin
Today, on the DIVI Crypto, we have Brittany Laughlin of Stacks. Stacks, crypto symbol STX, enables DeFi, NFTs, apps, and smart contracts for Bitcoin.
Hold and temporarily lock STX, Stacks’ native currency, and support the network’s security and consensus. As a reward, you’ll earn BTC.
Stacks brings Bitcoin to DeFi. Stacks unlocks the hundreds of billions in capital in Bitcoin, giving those who hodl bitcoin new opportunities to use and earn BTC. In stacking STX tokens and participating in the PoX consensus, users can earn BTC while securing the Stacks chain.
Clarity smart contracts have a built-in Simple Payment Verification (SPV) proofs for Bitcoin to make interacting with Bitcoin’s state simple for developers. Clarity contracts can fork with the original Bitcoin chain. Where Bitcoin forks, developers won’t have to worry about adjusting the deployment of their smart contracts.
Bitcoin hasn’t been as productive an asset as other cryptocurrencies for DeFi without going through either centralized exchanges or separate blockchains in the form of wrapped BTC. Stacks changes this.
Stacks is uniquely positioned to enable true Bitcoin DeFi, given Stacks contracts' visibility into the Bitcoin state as well as Stacks’ inherent ability to leverage Bitcoin’s security and settlement assurances. The Stacks chain is tethered to Bitcoin through its Proof of Transfer consensus mechanism, so all Stacks transactions settle on Bitcoin. This ensures that Stacks shares Bitcoin’s long-term, unparalleled security for transaction reorgs.
Two of the most popular consensus methods in blockchain are proof-of-work and proof-of-stake. Stack uses Proof-of-transfer (PoX), an extension of the proof-of-burn mechanism. Proof-of-burn is where miners compete by ‘burning’ a proof-of-work cryptocurrency as a proxy for computing resources. PoX uses the proof-of-work cryptocurrency of an established blockchain to secure a new blockchain. Rather than burning the cryptocurrency, miners transfer the committed cryptocurrency to some other participants in the network.
In addition, Stack brings Non-fungible tokens (NFTs) to Bitcoin. The value of an NFT is derived from the assets that the NFT represents: digital art, collectibles, domain names, and representation of ownership of content rights. NFTs can be used as digital certificates that track the authenticity of real world items, or digitize the ownership rights to property.
There are proposals for improvement of Stacks 2.1 that will voted on. They include:
Continuous Stacking.
Increasing lock-ups or ‘topping off’.
Unlock unused STX automatically.
Better Parsing and Type Conversion Primitives.
Expose PoX reward set info.
More Clarity Built-ins.
And Much More.
For more, visit https://www.stacks.co
--
DIVI is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the DIVI Project blockchain serves as the core of the DIVI network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the DIVI team is able to create solutions to the industry's biggest problem: adoption by non-technical users. DIVI's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.
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By The DIVI Podcast
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Today, on the DIVI Crypto, we have Brittany Laughlin of Stacks. Stacks, crypto symbol STX, enables DeFi, NFTs, apps, and smart contracts for Bitcoin.
Hold and temporarily lock STX, Stacks’ native currency, and support the network’s security and consensus. As a reward, you’ll earn BTC.
Stacks brings Bitcoin to DeFi. Stacks unlocks the hundreds of billions in capital in Bitcoin, giving those who hodl bitcoin new opportunities to use and earn BTC. In stacking STX tokens and participating in the PoX consensus, users can earn BTC while securing the Stacks chain.
Clarity smart contracts have a built-in Simple Payment Verification (SPV) proofs for Bitcoin to make interacting with Bitcoin’s state simple for developers. Clarity contracts can fork with the original Bitcoin chain. Where Bitcoin forks, developers won’t have to worry about adjusting the deployment of their smart contracts.
Bitcoin hasn’t been as productive an asset as other cryptocurrencies for DeFi without going through either centralized exchanges or separate blockchains in the form of wrapped BTC. Stacks changes this.
Stacks is uniquely positioned to enable true Bitcoin DeFi, given Stacks contracts' visibility into the Bitcoin state as well as Stacks’ inherent ability to leverage Bitcoin’s security and settlement assurances. The Stacks chain is tethered to Bitcoin through its Proof of Transfer consensus mechanism, so all Stacks transactions settle on Bitcoin. This ensures that Stacks shares Bitcoin’s long-term, unparalleled security for transaction reorgs.
Two of the most popular consensus methods in blockchain are proof-of-work and proof-of-stake. Stack uses Proof-of-transfer (PoX), an extension of the proof-of-burn mechanism. Proof-of-burn is where miners compete by ‘burning’ a proof-of-work cryptocurrency as a proxy for computing resources. PoX uses the proof-of-work cryptocurrency of an established blockchain to secure a new blockchain. Rather than burning the cryptocurrency, miners transfer the committed cryptocurrency to some other participants in the network.
In addition, Stack brings Non-fungible tokens (NFTs) to Bitcoin. The value of an NFT is derived from the assets that the NFT represents: digital art, collectibles, domain names, and representation of ownership of content rights. NFTs can be used as digital certificates that track the authenticity of real world items, or digitize the ownership rights to property.
There are proposals for improvement of Stacks 2.1 that will voted on. They include:
Continuous Stacking.
Increasing lock-ups or ‘topping off’.
Unlock unused STX automatically.
Better Parsing and Type Conversion Primitives.
Expose PoX reward set info.
More Clarity Built-ins.
And Much More.
For more, visit https://www.stacks.co
--
DIVI is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the DIVI Project blockchain serves as the core of the DIVI network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the DIVI team is able to create solutions to the industry's biggest problem: adoption by non-technical users. DIVI's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.