The Stacks ecosystem is a collection of independent entities, developers and community members working to build a user-owned internet on the Bitcoin (BTC) blockchain. Stacks’ STX cryptocurrency was distributed to the general public through the first-ever Securities and Exchange Commission-qualified token offering in the United States.

The Stacks ecosystem is a collection of independent entities, developers and community members working to build a user-owned internet on the Bitcoin (BTC) blockchain. Stacks’ STX cryptocurrency was distributed to the general public through the first-ever Securities and Exchange Commission-qualified token offering in the United States.

CT Markets Pro User: How many full nodes are in operation? Is there a limit to the amount of decentralization that can be achieved? MC: Short answer, there were a few hundred last we checked. For the rest, great question, and buckle up for a longer answer. It’s important to note that unlike PoW based networks, like Bitcoin, the number of STX miners alone is not an accurate reflection of a miner’s relative ability to win blocks over time. As a result, it does not reflect the security or decent...

CT Markets Pro User: How many full nodes are in operation? Is there a limit to the amount of decentralization that can be achieved? MC: Short answer, there were a few hundred last we checked. For the rest, great question, and buckle up for a longer answer. It’s important to note that unlike PoW based networks, like Bitcoin, the number of STX miners alone is not an accurate reflection of a miner’s relative ability to win blocks over time. As a result, it does not reflect the security or decent...

Stacks’ Mitchell Cuevas talks building integrated DeFi bridges for Bitcoin users“It’s unlikely that a native on-chain solution will supersede [layer-one] solutions like Stacks,” said Mitchell Cuevas, head of growth at the Stacks Foundation.

Stacks’ Mitchell Cuevas talks building integrated DeFi bridges for Bitcoin users“It’s unlikely that a native on-chain solution will supersede [layer-one] solutions like Stacks,” said Mitchell Cuevas, head of growth at the Stacks Foundation.

CT Markets Pro User: Any plans for interconnectivity with other blockchains? What solutions can be employed today? MC: Yep! The community has several bridge efforts, including bridges to public blockchains such as Ethereum, BSC, SOL, Polygon, Klaytn, ICON, Orbit, etc. See some of the initiatives below: Stacks Bridge — cross-chain transfer service that allows owners of ETH or STX based NFTs to move their NFTs between blockchains; Banana Bridge — Megakongs will mint on Ethereum and be transfera...

CT Markets Pro User: Any plans for interconnectivity with other blockchains? What solutions can be employed today? MC: Yep! The community has several bridge efforts, including bridges to public blockchains such as Ethereum, BSC, SOL, Polygon, Klaytn, ICON, Orbit, etc. See some of the initiatives below: Stacks Bridge — cross-chain transfer service that allows owners of ETH or STX based NFTs to move their NFTs between blockchains; Banana Bridge — Megakongs will mint on Ethereum and be transfera...

CT Markets Pro User: Will the relevance of Layer-1/Layer-2 solutions on the BTC blockchain diminish over time should future updates like Taproot occur? MC: Bitcoin is probably a stable blockchain precisely because it doesn’t change and is predictable. Any proposed changes can take a long time to merge since there is an incentive for the protocol not to change, and there is a large community with many opinions about any proposed change. Bitcoin is stable and predictable — so it’s unlikely that...

CT Markets Pro User: Will the relevance of Layer-1/Layer-2 solutions on the BTC blockchain diminish over time should future updates like Taproot occur? MC: Bitcoin is probably a stable blockchain precisely because it doesn’t change and is predictable. Any proposed changes can take a long time to merge since there is an incentive for the protocol not to change, and there is a large community with many opinions about any proposed change. Bitcoin is stable and predictable — so it’s unlikely that...