Stacks.co Enables Developers to Forge The Decentralized Built On Bitcoin

 
With the promise of Web3 and a decentralized economy, more and more players entering market offering tools and DApps that tout one utility or another.  So far, bitcoin is has not been the favored blockchain of choice. Until recently, the Ethereum blockchain seemed to be market go to because of it’s interface that reduces the programming time and ease of use and transaction speed as compared to bitcoin.  Also, ethereum also uses Solidity as it’s native-network language a network-native language known as Solidity for coding smart contracts. Solidity’s architecture there is no need for an entirely new blockchain for every DApp.   However, with more and more DApps  and being built on ETH and more adoption, due to sometimes outrageous eth gas prices which can these days even quadruple the amount of the asset or service you are trying to acquire, has developing looking for other options and turning to other coins including Teszos, Tron, Solana, polygon and the like and thanks Stacks.co even bitcoin is back in the conversation.
  
According to Stacks.co apps built on Stacks inherit all of Bitcoin’s powers
They run their logic on the blockchain with smart contracts, are controlled by code instead of companies, and are accessible to anyone.
 
As described by Stacks, DApps offerings built with their infrastructure are…
 
  • Unstoppable – Once deployed on Stacks and settled on Bitcoin, code can’t be taken down. This is essential for critical internet infrastructure.
  • Data ownership – Decentralized apps don’t store user data on centralized servers. Instead, data is owned by the user and can be taken from app to app.
  • Open to anyone- Anyone with an internet connection can use or build Stacks apps. You don’t need anyone’s permission and you can’t be blocked from Stacks.
  • Modular – Decentralized apps are open and connected by default. This enables developers to build on top of each other’s apps and prevents users from getting locked in.
 
  • New business models – Tokens enable developers to monetize open-source protocols, incentivize contribution and come up with business models that weren’t possible before.
 
  • The best of Bitcoin – All Stacks transactions settle on the Bitcoin blockchain, making apps and transactions as secure as a Bitcoin transaction. Apps on Stacks can include Bitcoin-based logic.
 
As to why bitcoin was chosen for the Stacks.co platform, the company says, “Bitcoin has all the properties that decentralized apps and smart contracts need: the security, the settlement assurances, the capital, and the network effects.”  In addition, as Bitcoin is the first, highest valued and most popular of all stable coins, demand for use cases around Bitcoin is increasing. Instead of competing with Bitcoin’s underlying protocol, Stacks builds on and extends Bitcoin. This enables Stacks to grow with Bitcoin and leverage Bitcoin’s capital, security, and network.
 
Some popular DApps built using Stacks include…
 
 

STXNFT

Built on Stacks.co using the Bitcoin blockchain  STXNFT.com can perform all of  the flexible smart contracts that made Ethereum so successful in the NFT space, but without the tradeoffs presented by gas fees and Ethereum infosec. Stacks provides a PoX, or proof-of-transfer, while relying on the underlying security of Bitcoin.

Stacks smart contracts are required to be made using Clarity, which makes it more difficult to hide nefarious actions as compared with Ethereum smart contracts by making it mandatory to share source code in an easily explorable way.

Because Stacks doesn’t process smart transactions with highly-elastic gas fees, its transactions are meaningfully lower cost (often far less than 1% of the extrinsic value of the asset being transferred). This enables Stacks NFTs to do things that would be technically possible but functionally impractical for Ethereum-based NFTs. For example, supporting budding artists with small donations or low-value NFT purchases. Or, making in-game purchases of just a few dollars.

Check of the Marketplace here.

CityCoins

CityCoins are programmable city-based tokens that unlock a new community-driven revenue stream for local governments while bringing collaborative technology to its citizens and ecosystem of stakeholders. Each city that accepts CityCoins will have a designated wallet that is custodied for the city and can be auto-converted into $USD. As each CityCoin ecosystem grows, developers can create innovative and impactful applications to incentivize local engagement and better their favorite cities.

Boom.money

Boomboxes are a type of NFT that allow people to participate in “delegated stacking” of their Stacks tokens (STX) in return for a reward.  They are unique because …

  • Minters don’t have to pay anything to receive one — they’re just “locking” up their STX for a couple of weeks.
  • In return, they receive a limited edition collectible that acts as an automatic claim certificate on their portion of the stacking rewards.
  • Boomboxes are also transferrable, so whoever holds the NFT at the time the rewards are issued will receive the payout.

Risidio

A UK based decentralised marketplace platform that provides a highly secure way for art lovers to mint, buy and sell digital collectibles on the Bitcoin blockchain.  Click here to learn more. 

 

Pravica.io

Pravica allows users to control their own digital identity and share and communicate between each other with trust  that it cannot be hacked or that someone is spying and mining your personal conversations. Your data is end-to-end encrypted with no central storage point.. and data.

BlockSurvey.io

Provides end-to-end encrypted forms & surveys.  BlockSurvey is a privacy-first platform. No ads, no trackers, and protects respondents’ data and privacy.  Click here for more info. 

 

 

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