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Stacks 2.0 is a layer-1 blockchain that connects to Bitcoin for security and enables decentralized apps and predictable smart contracts. I am often sur
by TekMol 5y ago
Stacks 2.0 is a layer-1 blockchain that connects to Bitcoin
for security and enables decentralized apps and predictable
smart contracts.
I am often surprised that this is not a more common approach. To hook into Bitcoin to make it easier to implement crypto projects.
By hashing the state of whatever project every - say - hour on the Bitcoin chain, it would be nicely finalized with no way to be tampered with, right?
- anonporridge 5y agoNot really, because if you just hook into bitcoin as your foundational layer, it's much harder to premine and then pump and dump your new cryptocurrency on the uninformed masses and become a billionaire off a whitepaper and a github prototype. Also, more legit projects actually DO use bitcoin as it's base layer. See Microsoft's ION project, the bitcoin lighting network (just rolled out in CashApp), and the upcoming RGB protocol.