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How Stacks Achieves Maximum Security as a Bitcoin Layer with Bitcoin Finality (100+ Confirmations)
Have you heard that the Stacks blockchain leverages something called "Bitcoin finality" to inherit the security of the Bitcoin network? This concept is key to understanding Stacks' unique settlement process and security model.
On Bitcoin, transactions become irreversible once buried under enough "confirmations" (new blocks). More confirmations = more immutable.
Read the full post by Alex Xela π
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π Building on Bitcoin is here, are you ready?
Bitcoin innovation culture has been reawakened and its time to build for the worldβs largest, most liquid crypto economy.
π Join 'Ready Layer 2', the first ever Bitcoin Layer 2 focused pitch competition, and submit your best ideas, prototypes, and plans for new Bitcoin apps, products, and services.
Top 3 prizes for the best pitches
βοΈ $5,000 in cash/crypto
βοΈ $2,500 in cash/crypto
βοΈ $1,000 in cash/crypto
βοΈ All: Automatic interview with Startup Lab
β You don't necessarily need developer experience
Join the pitch competition π
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π§ Messari Released its State of Stacks Q2 2023
π― Stacksβ market cap is up 53.3% YTD, fueled by Ordinals and other activity on Bitcoin.
π― TVL (USD) set its yearly high of $36.0 million, and TVL (STX) set its all-time high of 56.4 million STX.
π― sBTC is still in development, with the aim to grant Stacks access to a massive amount of BTC liquidity via a trust-minimized bridge.
View the full report π
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π§ Stacks Q2 2023 - Let's take a look at what happened on Stacks
1) Building on Bitcoin is blossoming
2) Need for layers increases
3) Bitcoiners can innovate together
- Stacks 2.1 Activation
- Stacks crossed 100,000 block height
- Smart Contracts surpassed 60,000
- Stacks outperformed the market
- Top 50 of CMC's ranking
βοΈ sBTC & Nakamoto Release...
View the full report π
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What's happening on Stacks β
βοΈ Hiro: Subnets are Ready for Mainnet
βοΈ ALEX: Partners with Luminex
βοΈ Hermetica Finance announces beta
βοΈ Project Indigo announces updates to their on-chain game
Explore and subscribe to the weekly newsletter π
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Stacks Positioned to meet Bitcoin L2 Demand π§
π LunarCrush reported Bitcoin L2 trending on all socials
π Digital Asset News reported Stacks to be the perfect layer for L2 demand
π Messari calls Stacks to be "perfectly positioned to meet that demand"
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ALEX Bitcoin DeFi Launches Decentralized BRC20 Token Launchpad π
β
Accessible to everyone
β
Community decides which projects to launch
β
Fast DEX trading
β
BRC-20 scaled with Bitcoin L2 Stacks
Check out the full ALEX announcement on the following medium post π
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Weβre excited to share that Stacks founder and CEO of Trust Machines Muneeb Ali will be speaking at TOKEN2049 π
βΉοΈ TOKEN2049 is the premier crypto event, organized annually in Singapore, where founders and executives of the leading Web3 companies and projects share their views on the industry.
Join him for an exciting talk about how Trust Machines is building a decentralized economy on Bitcoin. π
Get your tickets for TOKEN2049 now! π«
See you there! π
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π¨ Happening in 2 days π¨
Building on Bitcoin π
All Roads Lead To Layer 2s π£οΈ
You love Bitcoin. You love learning. You love connecting. So join us! π
β
July 13
β
10 am - 2 pm ET
Free registration HERE π«
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Get Started with Ordinals πΌοΈ
Don't know where to start? Chris Castig of Trust Machines published a guide on Forbes for beginners! π
Read it HERE ποΈ
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ICYMI: Mithil Thakore, the founder of Velar, recently sat down with Firoz Khan to discuss his vision, his journey, and his plans for the future. πΊ
He also dropped some exciting news and announcements about his project and offered amazing rewards and incentives. π
Watch the full interview HERE π
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Bitcoin and Meme Tokensβ¦ A Perfect Match? π
In a recent interview, Andre Serrano β product lead at the Stacks Foundation β commented positively on BRC-20 π
"BRC-20s expand the design space for tokenized assets on Bitcoin. They have revealed strong demand for bitcoin block space, which will benefit bitcoinβs security and fee market."
Read the full article here π
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Build on Bitcoin ποΈ
Learn more about the incredible opportunity to build on Bitcoin and jumpstart your ideas. Come and join us! π
π Ready Layer 2: Bitcoin Pitch Competition
βΉοΈ 3-day Virtual Event
ποΈ Registration is open until July 14
π Amazing Prizes to be won
β‘οΈ Register today β¬
οΈ
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Two crucial improvements to make Stacks the perfect layer for Bitcoin will be addressed with the sBTC & Nakamoto release π οΈ
Stacks Founder Muneeb Ali identified these in 2022 and will soon be ready for launch with Stacks' next big update! π
Join the movement of Bringing Bitcoins to Billions π
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Two crucial improvements to make Stacks the perfect layer for Bitcoin will be addressed with the sBTC & Nakamoto release π οΈ
Stacks Founder Muneeb Ali identified these in 2022 and will soon be ready for launch with Stacks' next big update! π
Join the movement of Bringing Bitcoins to Billions π
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The Future of Bitcoin Has Begun π
We have six noteworthy Innovations and trends driving It forward ‡οΈ
π Layer 2 solutions for payments
π Layer 2 solutions for scalability
π Ordinals
π BRC-20
π Real-world use cases for Bitcoin
π Investors see the Bitcoin ROI
Read the full article HERE π
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ICYMI: RocketX Exchange x Stacks π¨
You are now able to seamlessly trade $STX, $BTC, and $ETH with their 1-click interface, making interchain connectivity effortless π
βΉοΈ RocketX is the most advanced hybrid aggregator that simplifies access to $100B+ liquidity across 300+ DEXs & 6 Top CEXs via a Single UI and API
Trade today π
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Scaling the Bitcoin economy with sBTC π
Zest Protocol's Co-Founder Tycho Onnasch explains the main use cases for Decentralized Finance π
He shared that you could break down #DeFi into three pillars π
πͺ Yield
πͺ Collateral
πͺ Swapping
π¨ Tycho Onnasch is also one of the Judges for the upcoming Bitcoin L2 Pitch competition you can join! π¨
Register HERE π«
Learn more about Zest Protocol πΈ
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At Stacks, as House of Chimera mentioned, we're revolutionizing Bitcoin accessibility! βοΈ
Check out the overview they created to learn how we're doing it π
π Open Membership
π Affordable Peg In/Ou
π Censorship Resistance
π Bitcoin Finality
π No Trusted Parties
π Incentive to Stackers
Learn more HERE
β
Special thanks to House of Chimera π€1 473
Did you know that with sBTC, Bitcoin's flywheel economy can be built for innovative and sustained growth with decentralized applications? π±
Onwards and upwards: Scaling The #Bitcoin Economy π
Learn more π
https://stx.is/Find-sBTC
