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We received some push back for Stacks 1.0 as well! And for similar reasons i.e., you don't want to put a lot of additional data into the Bitcoin blockchain (mak
by muneeb 6y ago
We received some push back for Stacks 1.0 as well! And for similar reasons i.e., you don't want to put a lot of additional data into the Bitcoin blockchain (makes it much harder to scale Bitcoin that way).
This was the primary reason why for Stacks 2.0, a hard design requirement was to make absolutely no changes to Bitcoin and to not put additional data in Bitcoin.
With Stacks thousands of STX transactions result in a single hash on Bitcoin (technically on the order of active miners on Bitcoin), so Stacks transactions automatically settle on Bitcoin every block.
- dylkil 6y agoSo stacks is a separate network with its own consensus layer where a random miner from the bitcoin main chain is selected to write the next block, have i got that right? What happens when they write something the rest of the stacks network disagrees with?
- opreturn 6y agoBitcoin miners have no role here. Anyone can sign up to be a Stack-miner by bringing in their own BTC into this network. That amount (in BTC) is distributed to those who have staked their Stack-tokens. A pRNG process (based on VDF or VRF) selects one of these miners at random to create the next block Source: https://blog.blockstack.org/realizing-web-3-proof-of-transfer-mining-with-bitcoin/ https://blog.blockstack.org/realizing-web-3-proof-of-transfe... Edit: typo