Stacks Updates

Upcoming: Stacks Q2 Town Hall 🏛️ Join us as we discuss the following: ⭐ sBTC Progress ⭐ Working group coordination ⭐ Blockchain core development ⭐ Testing and upgrades processes ⭐ Grants decentralization Save the date 💾 🗓️ June 29 🕚 11 AM EST Reserve your spot 🎟️

Hot off the press: OKX x Stacks x Xverse 🚀 You can now stack $STX and earn yield in $BTC right from the OKX Wallet 💱 ℹ️ OKX is an innovative cryptocurrency exchange with advanced financial services. We rely on blockchain technology to provide everything you need for wise trading and investment Start your stacking journey today! 👇 Get started HERE

ICYDNK: What is sBTC? 🤔 House of Chimera published an infographic that gives you an overview of the basics 👇 ✅ Decentralized Peg Mechanism ✅ Issued on Bitcoin Layers ✅ Promotes Productive Use of BTC ✅ Economic Incentives for Operation ✅ Trustless Writing to Bitcoin Blockchain Learn more HERE 🔍

ICYMI: Messari's report State of L1s Q1 2023📝 STX outperformed during Q1, driven by the popularity of Bitcoin Ordinals 🚀 Stacks led featured L1s in ⤵️ ⭐ QoQ growth in market cap (340%) ⭐ Revenue (218%) ⭐ Network usage (~35%) ⭐ DeFi TVL (276%) ⭐ DEX volume (330%). Read the full report HERE ☚

Hear the thoughts of various industry leaders and amazing builders from the ecosystem on sBTC and why we are excited about the upcoming Stacks update! 🚀 "What sBTC allows is truly unlocking that ability to have a trustless Bitcoin economy built on Bitcoin Layers" -Jamil Dhanani, Founder of Gamma.io 💭 Learn more HERE 👈

Discover how you can harness the power of an indexer on Stacks 📚 Our friends over at Indexer (formerly Byzantion) shared a few different ways you can utilize an NFT Indexer, also known as a blockchain indexer 👇 🌟 Tools for Artists 🌟 NFT Lending Protocols 🌟 NFT Galleries 🌟 Understanding the Whole Ecosystem Read the full blog HERE Check out Indexer's website to learn more!

Why does Stacks has a token? 💭 Kenny Rogers Developer Advocate of Stacks Open Internet Foundation breaks it down for us ⤵️ ⭐ Help secure the network ⭐ Soon function as a signer for sBTC "So if you look at Stacks' consensus mechanism Proof-of-transfer, you can think of it as one level up from Bitcoin's Proof-of-work" - Kenny Rogers 👨‍💻 Now, that you know why Stacks has a token. Learn how to stack $STX HERE 🪙

💥 JUST IN: STX listed on Coinone KRW market. Exchange Announcement: https://coinone.co.kr/info/notice/2233

ICYMI: BitFlow Finance Went Live On Mainnet! 🚀 Surfs Up, Bitcoiners! Are you ready to ride the wave of secure, transparent, and decentralized way of trading? 🏄‍♂️ ℹ️ Bitflow is a Decentralized Exchange for Bitcoiners where you can trade and earn with Bitcoin without malicious middlemen. Learn more here 🌐 Join their Discord 📟

Learn what lies ahead and the current state of alexGo.btc from one of the founders herself, Dr. Chiente Hsu 💱 "I think most people would want to use it (sBTC) to manage their BTC risk" - Dr. Chiente Hsu Watch the video below 📺 Learn more about the sBTC update mentioned in the video 👈

Calling all Hungry Artists 📣 Time to #UnlockYourDreams 🔮 The Mintery joined forces with HungryArtist aka Mary Lai and Gamma.io to launch a 6-month Bitcoin-only NFT Gallery at an exclusive location. 🖼️ You'll have the opportunity to ⤵️ ⭐ Have your artwork minted & displayed in the iconic gallery. ⭐ Have your artwork seen by collectors, creators, art connoisseurs & media at an exclusive VIP event. ⭐ Be featured on the homepage of Gamma marketplace. Want to see your work featured? Join HERE ⬅️

Market Potential of sBTC 📈 Tune in and hear from Philip De Smedt of Arkadiko Finance as he discusses the market potential of sBTC 🎙️ "I believe that we can at least, you know, like over the next 5 to 10 years, at the very least, 10X the amount of Bitcoin in existence that we can make programmable..." Philip 💭 Watch the video below 📺 Learn more HERE 👈

🚨 You have one more day! 🚨 Become one of the next Bitcoin startups by joining the Startup Lab BootCamp! 🚀 Join the FIRST all-Bitcoin Startup Pre-Accelerator 🚀 The 1st Pre-accelerator on Web3 Bitcoin. 🚀 Application Deadline: June 10, 2023 ℹ️ The rigorous program is designed for those of you who desire to breakthrough your limits and develop champion abilities to build an investment-worthy startup on Bitcoin! 👉 Apply today 👈

From the Forum: Stacks Blockchain Core Development Update (June 2023) ℹ️ This provides a clear look at the technical priorities for the next several months. The core developers and technical contributors have organized around the following key areas to invest in for the health and robustness of the Stacks blockchain ⤵️ ✅ Improving testing infrastructure, hardening, and refactoring ✅ Orphan blocks ✅ Bitcoin MEV ✅ sBTC (which includes the Stacks blockchain performance and security updates covered in the Nakamoto whitepaper) ✅ Subnets Read more HERE 🗒️

Introducing: OrdiGallery 📣 Powered by Stacks Parrots, this innovation allows you to experience Bitcoin Art on a whole new level! 🚀 Check it out HERE 👈 Flex your Ordinals today! 🖼️

Don't miss the next Virtual Building on Bitcoin event! 🚀 Join us for a deep dive into the tech, culture, and community that’s giving Bitcoin new life. 👋 During the summer edition of Building on Bitcoin, you'll hear about 👇 💟 Scaling Bitcoin with Layer 2s and beyond 💟 New innovations developing from Ordinals 💟 What developers are building on Bitcoin through the Stacks sBTC Pitch Competition 💟 Where investors are looking to put their money within the oldest crypto community More information at the event's official website ℹ️ Register HERE ✍️

ICYMI: An exciting Stacks Snacks update was published over a week ago 🚨 ℹ️ Stacks Snacks is a bite-sized weekly 'best-of' newsletter covering the Stacks Ecosystem. Brought to you by the Communications Working Group. Highlights ⏬ ⭐ alexGo.btc introduces permissionless listings for BRC-20 tokens ⭐ Stacks reached $10B in cumulative trading volume & 65,000 deployed smart contracts ⭐ Stacks Open Internet Foundation puts up 12 BTC & 250k STX for key infrastructure ⭐ Bithumb (#2 exchange in Korea) adds STX ⭐ Gamma.io debuts Ordinals alley at Ordinals conference ‘23 ⭐ And so much more! Read more hits from that week's issue 🗞️ 👉 Subscribe and get the best of the best news weekly 👈

ICYMI: You can now transfer Native BRC-20 with your Hiro Wallet 🚀 You only need a few clicks, and you can send BRC-20 tokens 💱 Here's how it works⤵️ 🌟 To start, click "Send" on the home screen, select a BRC-20 token 🌟 Select a fee level to pay for the creation of a "transfer" inscription 🌟 Review and submit your inscription request 🌟 Follow the status of your new transfer inscription request 🚨 Take advantage of the new feature and send BRC-20 tokens more easily between wallets or peg them into BRC-20 marketplaces like ALEX for trading on Bitcoin L2s! 🚨 Get your Hiro wallet today! 💳

State of Stacks Q1 2023 Report by Messari Messari released its State of Stacks report 🚀 Key Insights ⭐️ Average daily transactions and average daily active addresses increased 34% and 35% QoQ ⭐️ Ordinals and Inscriptions proved that the Bitcoin ecosystem has a serious demand for NFTs, fungible tokens, and DeFi. Stacks is perfectly positioned to meet that demand, with its added functionality and deep Bitcoin compatibility. ⭐️ Stacks 2.1 enabled trust-minimized bridging to Bitcoin and decentralized mining pools. Bitcoin assets bridged to Stacks such as sBTC and sOrdinals can be incorporated into sophisticated applications that wouldn’t be possible on Bitcoin. Full report can be found here 👇

Have you heard of BRC-20? Curious to know how it affects Bitcoin? 💭 ℹ️ BRC-20 tokens could be described as a new token standard on the Bitcoin blockchain and as a meme. It was created in March of 2023 by a pseudonymous on-chain analyst named Domo. Trust Machines recently published an article explaining the BRC-20 token standard and how it could change the Bitcoin ecosystem ✍️ Discover the following ⤵️ ⭐ Ordi: The first BRC-20 token ⭐ Types of BRC-20 transactions and wallet capabilities ⭐ The long-term vision for BRC-20 ⭐ Differences from Ethereum’s ERC-20 ⭐ Token Economics ⭐ And much more Read the full article HERE 👇