21 sats \ 0 replies \ @teemupleb 10 Nov \ on: Bitcoin Layers Explained: A Deep Dive into Stacks bitcoin
Instead, they “spend” Bitcoin to earn Stacks’ native currency, STX tokens. This keeps everything tightly tied to Bitcoin and makes sure that any activity on Stacks is anchored to the main Bitcoin blockchain.
How does it keep everything “tied to Bitcoin”? Why spend bitcoin to earn a token? Who owns this token? Is it being diluted? I don’t think you explained sufficiently how the proof of transfer mechanism works.
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