Stacks enables dapps and smart contracts for Bitcoin
DappRadar is excited to announce the integration of the Stacks blockchain and its ecosystem of dapps. DappRadar’s 1 million monthly site visitors can now analyze which dapps attract the most trading volume, unique user wallets, or process the most transactions through the Stacks dapp rankings. This way, everybody can understand which dapps and tokens build solid communities and value on Stacks.
Stacks 2.0 is a layer-1 blockchain that connects to Bitcoin and brings smart contracts and decentralized apps. Smart contracts and dapps developed on the Stacks platform are natively integrated with the security, stability, and economic power of Bitcoin.
The Stacks blockchain implements a mining mechanism called Proof of Transfer (PoX). PoX is a consensus algorithm between two blockchains. It uses an established blockchain, in this case, Bitcoin, to secure a new blockchain – Stacks. PoX connects to Bitcoin with a 1:1 block…
