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Stacks Is Scaling Its Bitcoin Reserves—But Will Usage Catch Up?
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Stacks Is Scaling Its Bitcoin Reserves—But Will Usage Catch Up?
Stacks is a Layer 2 network built on top of Bitcoin. It brings smart contracts to the Bitcoin blockchain. What makes Stacks stand out is its consensus, called Proof of Transfer (PoX). It ties the Stacks chain directly to Bitcoin by using Bitcoin’s own mining power to secure it. In practice, that means if someone wanted to attack Stacks, they would have to reorganize the Bitcoin blockchain itself. Unlike other wrapped Bitcoin options such as WBTC…
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