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You could argue that the crypto industry should be crowdsourcing Blockstack’s legal expenses. Blockstack’s trailblazing work with the Securities and Exchange Commission on the initial coin offering (ICO) for its native Stacks (STX) tokens made headlines in mid-2019. On Monday, Cryptox reported on Blockstack’s legal analysis that said that upon the
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With the launch of a new blockchain – Stacks 2.0 – earlier next year, Blockstack PBC’s cryptocurrency Stacks token (STX) could be available to investors in the U.S. once it is no longer considered a security under U.S. Securities and Exchange Commission (SEC) regulations, according to public documents.Blockstack, a decentralized
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Blockstack and Algorand's Clarity smart contracts will source their data from Chainlink's oracle network. Source
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Blockstack unveiled a novel consensus mechanism for piggyback blockchains called Proof of Transfer (PoX) on Feb. 6. Instead of relying on its own proof of work, miners under PoX commit Bitcoin (BTC), which circulates in the ecosystem.The system will be used in Blockstack’s proposed Stacks 2.0 blockchain, which is
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Blockstack is integrating the security and the incentives of bitcoin to its ecosystem. CEO Muneeb Ali explains the changes.Last week, Blockstack announced a new proposal through which node operators would be rewarded in bitcoin. The concept behind Proof of Transfer is that, for the cryptoasset ecosystem to run, electricity should
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