Tag: Blockstack

Cosmos and Blockstack hackathons offer glimpse into DeFi’s future

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On Friday, blockchain projects Cosmos and Blockstack both announced winners of their respective HackAtom V and HackDeFi hackathons, each offering a glimpse into the coming wave of DeFi development — a vision including marked advances in tooling, interoperability, and composability.  While the overwhelming majority of decentralized finance (DeFi) development remains concentrated on Ethereum, where over $16 billion in digital assets are currently locked by various DeFi Protocols, Cosmos and STX are currently the #25 and #59 ranked projects by marketcap and look to be fast risers eager to take a…

Real-world use cases for Nexo, Elrond and Blockstack lure in investors

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The ideas of privacy and decentralization have always been the heart of the crypto community. Therefore, when Blockstack announced that it would transition from being a security token to a utility token by launching its new Stacks Blockchain 2.0 on Jan. 14, 2021, it was bound to cause a stir. After receiving the green light from its compliance team, OKCoin plans to list Blockstack’s STX token and as the first U.S. exchange to do so,  the exchange will airdrop $1 million worth of STX. Airdrops and exchange listings are known…

Blockstack (STX) rallies 85% as fundamentals improve ahead of mainnet launch

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Blockstack (STX) might not be on every investor’s radar, but the 72nd-ranked cryptocurrency by market capitalization has been doing some serious work behind the scenes. Blockstack (STX) 1-month chart. Source: Coin360.com The company behind the token was founded in 2013 and raised money from Union Square Ventures, Naval Ravikant, Lux Capital, and Digital Currency Group (DCG). The ICO actually happened in September 2019 and the fundraise was $28 million at $0.30 per token. At the time, the Blockstack ecosystem had over 165 applications in place and 78.3 million tokens were…

Blockstack Teams Up With Chainlink to Use Algorand-supported Clarity Smart Contract Language – Blockchain News, Opinion, TV and Jobs

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Chainlink and Blockstack have announced they are integrating Chainlink’s popular oracle technology with Blockstack’s Algorand-supported Clarity smart contract language. Blockstack developers will soon be able to write Clarity smart contracts with validated data from Chainlink. Muneeb Ali, Co-Founder of Blockstack, said: “Stacks 2.0 is a unique layer-1 blockchain that has a native bridge to Bitcoin. Clarity smart contracts give new powers to our developers. High-quality data feeds from Oracles are an important building block for Clarity contract developers. Given our familiarity with and knowledge of Chainlink’s impressive team and technology,…

Blockstack CEO Says Bitcoin Is a Better DeFi Solution Than Most Think

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As interest in smart contracts surges, some Bitcoiners are asking: why can’t Bitcoin (BTC) become the foundation for smart contracts too, instead of Ethereum (ETH)? Muneeb Ali, co-founder and CEO of Blockstack open-source platform, believes that the best way to bring about a user-owned internet “is to anchor applications and smart contracts to the Bitcoin network in a way that uses Bitcoin as a reserve currency and its powerful blockchain as a security mechanism.” In a conversation with Cointelegraph, Ali stated that Bitcoin has been the king of blockchains for…

Global CDN Blockstack Launches Stacks 2.0 – Servers Driven by Blockchain including Proof of Transfer (PoX) Aimed at User-Owned Internet

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Global Content Distribution Network (CDN) and Cloudflare competitor Blockstack has launched Stacks 2.0 Public – a public testnet release that will allow blockchain developers and miners to participate in the deployment of an innovative new consensus mechanism, dubbed Proof of Transfer (PoX), as well as trial Clarity smart contracts that the company has been working on for some time. Blockstack has built the core protocols and is aiming for a user-owned internet. A key milestone on the road to the companies mainnet, the Blockstack PBC will work alongside potential miners…

Does Blockstack Really Have 1 Million Verified Users?

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Blockstack PBC announced on Jan. 29 the completion of its “Milestone II” that unlocked $6.8 million from its 2017 initial coin offering. The project claims to have on-boarded one million verified users, an achievement that some in the community did not believe. Cointelegraph conducted an analysis of blockchain data to see if this claim could be confirmed. The importance of the milestone The Blockstack initial coin offering (ICO) was conducted in November 2017 through the CoinList platform. It was notable for being “SEC-qualified,” meaning that it had stronger reporting obligations…

Blockstack Pauses App Mining Pilot Due to Challenges in Running Program

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Privacy-centric computing network and app ecosystem Blockstack has paused its App Mining pilot due to a range of challenges. Rolled out in 2018, the App Mining project is designed to incentivize developers to build apps on Blockstack. Although the startup has ostensibly seen a healthy app growth throughout 2019 — from 46 to more than 400 apps so far, — it admitted an array of challenges in running a program of increasing size and complexity, according to a Feb. 10 blog post. Three key challenges to be solved As such,…

Blockstack Nodes Will Be Paid in BTC – Not STX – to Secure the Network

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Blockstack is giving its long-term holders a new way to earn bitcoin. Announced Thursday, the decentralized-web startup is rolling out a consensus mechanism that essentially presents a fresh use case for the world’s most popular cryptocurrency.  When version 2.0 of Blockstack’s Stacks blockchain comes out, miners on the network will need to post BTC to mine a block. That BTC will then get shared with nodes maintaining a copy of the ledger. “We accept bitcoin as the most secure blockchain in the world. We accept a world where this will…