Just found https://www.stacks.co/learn/introduction
They claim: Bitcoin Layer-2, enabling smart contracts and decentralized applications to use Bitcoin as a secure base layer
Anyone dug into it and can report back?
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Just found https://www.stacks.co/learn/introduction
They claim: Bitcoin Layer-2, enabling smart contracts and decentralized applications to use Bitcoin as a secure base layer
Anyone dug into it and can report back?
It has a 73% premine with weird proof-of-take consensus. Miners pay bitcoin to stakers (existing STX holders) and if the miner wins a block, they get STX in return.
Its primary relationship to bitcoin is that they take your bitcoin in exchange for their shitcoin. The basis for calling it an L2 is that it uses bitcoin, but it uses bitcoin in ways that lack any heritability of bitcoin's qualities. It's an affinity scam.
Shitcoining 2.0
🤙 just invest in bitcoin companies directly.
Not sure what problem Stacks is trying solve!?
White paper: https://stacks-network.github.io/stacks/stacks.pdf