layer: Stacks (STX) - June 2024 Price Update - 7% Breakout Crypto News and Analysis

Trade hard. Joy is coming

Explore the Core.

Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications.

Spot the Main Event:

Stacks Nakamoto will produce a new block approximately every 5 seconds. This will allow people to send and receive BTC much faster and cheaper on $STX Layer 2 with the same security and finality as the Bitcoin network. 🟠 On top of that, Stacks L2 will unlock Bitcoin’s Multi-billion Dollar DeFi Economy with smart contract programmability, enabling decentralized exchanges, crypto lending, stablecoins fully backed by Bitcoin, and other DeFi activity

Explore the Core.

Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications.

Spot the Main Event:

Stacks Nakamoto will produce a new block approximately every 5 seconds. This will allow people to send and receive BTC much faster and cheaper on $STX Layer 2 with the same security and finality as the Bitcoin network. 🟠 On top of that, Stacks L2 will unlock Bitcoin’s Multi-billion Dollar DeFi Economy with smart contract programmability, enabling decentralized exchanges, crypto lending, stablecoins fully backed by Bitcoin, and other DeFi activity

Donmello

Explore the Core.

Stacks is a Bitcoin layer for smart contracts; it enables smart contracts and decentralized applications to trustlessly use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.

Explore the Core.

Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications.

moderator collab manager blogger

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Orange Hats’: Clarity WG Funded with $1M to Onboard New Security Resources for Builders BitcoinL2 Labs announces $1M in funding to allow the Clarity WG to bring new tools & services online that enhance security at the app layer.

Explore the Core.

They don't seem to have any major problems they are solving currently Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications.

web developer

Spot the Main Event:

‘Orange Hats’: Clarity WG Funded with $1M to Onboard New Security Resources for Builders BitcoinL2 Labs announces $1M in funding to allow the Clarity WG to bring new tools & services online that enhance security at the app layer. Read the announcement by @baigi in the thread.

Cute, funny and a little bit crazy!!!

Explore the Core.

Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications. Stacks has knowledge of the full Bitcoin state, thanks to its Proof of Transfer consensus and Clarity language, enabling it to read from Bitcoin at any time. All transactions on the Stacks layer are automatically hashed and settled on the Bitcoin L1. Stacks blocks are secured by 100% Bitcoin hashpower. In order to re-order Stacks blocks/transactions, an attacker would have to reorg Bitcoin.

Spot the Main Event:

Bitcoin L2 Labs Security Funds Announcement. Orange Hats’: Clarity WG Funded with $1M to Onboard New Security Resources for Builders. Bitcoin L2 Labs has been a core contributor to the Stacks ecosystem, with the primary focus to date having been Nakamoto. The team's commitment to core development will remain a staple of the operations going forward, but as the ecosystem grows, the team are excited to share that they have allocated $1m in funding to the Clarity WG to offer expanded security resources to builders. Thanks to layers like Stacks, Bitcoin DeFi is growing. This also means the attack surface area is growing along with the things builders need to keep track of to keep themselves and their users safe. The team want to support founders who are pioneering this space. After all, security is one of the fundamental value propositions of building on Bitcoin. The team’re excited to build upon what others have started in the ecosystem to bring founders even more resources to leverage as they build unique experiences for Bitcoiners. The initial $1m in funding is intended to allow the Clarity WG to bring new tools and services online that enhance security at the application layer. In addition, the team will collaborate to identify and educate vendors, whitehat hackers, and other security-minded talent that builders can work with and benefit from. Led by Setzeus, the Clarity Working Group, along with members of the Stacks DeFi Working Group, have already been moving fast with initial Whitehats put under contract and a Stacks integration with Hypernative in the works. If you’re a builder, this may already be obvious, but it’s worth outlining the ways we hope this effort directly helps the teams bringing us these amazing new experiences: * Even more eyes on code! * Benefit of whitehats who have experience in attacking not strictly code vulnerabilities, but spotting holes in the design of the system that can be exploited. With the Clarity smart contract language preventing many typical exploits, these contract/app design issues are what has primarily impacted Stacks teams. * Added hostile/real-world components to the layers of testing builders can readily access. * Reduction in cost of bug bounties paid out by founders. * Reduction in reliance on auditors to catch issues. * More shared information so hard lessons only need to be learned once.

Spot the Main Event:

Today,BitcoinL2 Labs announces $1M in funding to allow the Clarity WG to bring new tools & services online that enhance security at the app layer. This announcement called in more buy in's because the Stacks is benefiting by getting funded to enhance their security and their ecosystem at large.

To God be the Glory

Explore the Core.

Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications.

Spot the Main Event:

Stacks Nakamoto will produce a new block approximately every 5 seconds. This will allow people to send and receive BTC much faster and cheaper on $STX Layer 2 with the same security and finality as the Bitcoin network. On top of that, Stacks L2 will unlock Bitcoin’s Multi-billion Dollar DeFi Economy with smart contract programmability, enabling decentralized exchanges, crypto lending, stablecoins fully backed by Bitcoin, and other DeFi activity

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