What the Heck Is Stacks? An Indepth Look Into One of the Largest L2 in the Bitcoin Ecosystem

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The Stacks project has come a long way, originating at the dawn of Bitcoin. Initially known as OneName, the project's goal was to simplify BTC transfers.

Table of contents Creation history Technologies and products 2.1. Proof-of-Transfer 2.2. Network Architecture 2.3. Stacking & Mining 2.4. sBTC 2.5. Bitcoin Name System 2.6. Clarity 2.7. Future plans Ecosystem and development Tokenomics Team Investors and finance Activities Results 1. Creation history The Stacks project has come a long way, originating at the dawn of Bitcoin.

browser based on the Bitcoin blockchain All information was stored directly on the user’s device and could be sent to cloud storage in encrypted form, ensuring that companies could not access the data. The blockchain maintained an identification system between the user and the final resource. In 2017, amidst the ICO boom and the rise of Ethereum and other new-generation blockchains, the team once again shifted the company’s direction.

Source: Digital Coin News (digitalcoinnews.net)

 

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