Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Meet Dogizen, The New Member Of Crypto’s Fastest Growing Niche

    August 20, 2024

    Transak: Bridging the Gap Between Fiat and Crypto for Decentralized Apps

    June 7, 2024

    Canary Capital registers SUI ETF in Delaware

    March 7, 2025
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      Dow, S&P 500, Nasdaq mixed as investors weigh tariff talks

      July 1, 2025

      Saylor Strikes Again: Strategy Bags Another 4,980 Bitcoin in Latest Buying Spree

      June 30, 2025

      Bitcoin Bears Are Taking Fresh Market Positions, But Are They Safe?

      June 29, 2025

      $430M in Transactions as Virtual Asset Payments Surge 630% in a Year

      June 28, 2025

      2 Altcoins That Might Outperform Ethereum (ETH) in 2025

      June 27, 2025
    • Technology

      XRP ETF buzz boosts XYZVerse presale momentum as investors eye a potential breakout

      July 1, 2025

      Comment on Metaplanet Joins Top 5 Bitcoin Holders With 13,350 BTC as Stock Surges 10% by Hiko Arnold

      June 30, 2025

      Crypto Theft Surge: $2.1 Billion Stolen in First Half of 2025

      June 29, 2025

      US House Passes Blockchain Bill 2025

      June 28, 2025

      Top blue-chip altcoins to buy as Nasdaq 100 Index hits ATH

      June 27, 2025
    • Learn/Guide

      Platform Utility meets Scarcity: How $Fun’s in-game demand boosts its price

      July 1, 2025

      Ripple-backed XRP Ledger launches EVM-compatible sidechain on mainnet

      June 30, 2025

      REX-Osprey Ethereum, Solana staked ETFs may launch soon as SEC raises no objections

      June 29, 2025

      Ripple drops cross-appeal as SEC set to follow, closing XRP case

      June 28, 2025

      Elon Musk announces Grok 4 to be released just after July 4

      June 27, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Global CDN Blockstack Launches Stacks 2.0
    Technology

    Global CDN Blockstack Launches Stacks 2.0

    May 22, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    blockstack, blockchain, user-owned, internet, pbc, cdn, content, distribution, network
    Share
    Facebook Twitter LinkedIn Pinterest Email


    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 and testers through testnet phases to prepare the network for the Stacks 2.0 upgrade by independent miners in mid-2020.

    The Stacks 2.0 blockchain will have a unique design where it interconnects with the Bitcoin blockchain. PoX ties the Stacks blockchain to the security of the Bitcoin network by requiring BTC commitments instead of native Proof of Work mining. Instead of expending electricity and computing power to compete to earn newly minted STX tokens, Stacks blockchain miners will be able to participate in the leader election by committing BTC. Additionally, STX token holders will be able to participate in the consensus algorithm by locking up STX tokens and running a full node, further securing the network, and earning forwarded BTC from miners. The Stacks 2.0 testnet will allow interested node operators to trial Blockstack’s PoX mechanism by simulating both mining by forwarding free testnet BTC and by locking simulated STX to earn simulated BTC rewards.

    Blockstack Founder Muneeb Ali said:

    “We view this testnet launch as a chance to battle test our newly announced Proof of Transfer consensus mechanism. Stacks 2.0 is our master design of a blockchain, the blockchain we wished existed when we were starting off. It anchors to Bitcoin for security and yet allows scalable transactions and full smart contracts. If we can pull off anchoring the Stacks blockchain to the Bitcoin network, it would have huge implications for how smart contract platforms choose their consensus mechanisms going forward. Until PoX, smart contract platforms have had to choose between starting new Proof of Work blockchains or doing Proof of Stake mining, both of which would not match powerful security guarantee of Bitcoin’s Proof of Work. A successful trial of Proof of Transfer would signal a viable third option that relies instead on Bitcoin as a foundation for Web3 going forward. It would literally create a new use case for BTC.”

    Privacy-focused applications will benefit from the additional capabilities of Stacks 2.0, which includes the release of Blockstack’s new smart contract coding language, Clarity. In 2019, the Blockstack network grew from 20 applications to more than 350. App developers will now gain access to the Clarity smart contract language and resources, including a series of tutorials. The testnet launch will also give developers a chance to earn bounty rewards for surfacing blockchain and smart contract bugs and vulnerabilities, writing useful smart contracts, developing tools, and more. Blockstack has set up five bug bounty phases leading up to the launch of the Stacks 2.0 mainnet and is offering rewards in BTC for identifying bugs or building specific tools and resources on top of PoX.

    Stacks 2.0 mainnet launch is currently planned for summer 2020. If you would like to learn more about the Stacks 2.0 testnet please visit testnet.blockstack.org.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    XRP ETF buzz boosts XYZVerse presale momentum as investors eye a potential breakout

    July 1, 2025

    Comment on Metaplanet Joins Top 5 Bitcoin Holders With 13,350 BTC as Stock Surges 10% by Hiko Arnold

    June 30, 2025

    Crypto Theft Surge: $2.1 Billion Stolen in First Half of 2025

    June 29, 2025

    US House Passes Blockchain Bill 2025

    June 28, 2025
    Top Posts

    If you’re a VET holder, watch out for VeChain in Europe

    May 18, 2023

    Bitcoin On-Chain Metrics Crash To Bear Market Levels Despite Price Sitting Close To ATH

    June 22, 2025

    Ripple drops cross-appeal as SEC set to follow, closing XRP case

    June 28, 2025

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    Dow, S&P 500, Nasdaq mixed as investors weigh tariff talks

    July 1, 2025

    Saylor Strikes Again: Strategy Bags Another 4,980 Bitcoin in Latest Buying Spree

    June 30, 2025

    Bitcoin Bears Are Taking Fresh Market Positions, But Are They Safe?

    June 29, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.