BTC Soars Past $99k: Time to Uncover the Next Big Gems
After some serious sleuthing, I've discovered potential play.
Here's why Stacks could be the ultimate BTC winner.
Let's cover some basics before diving into the good stuff:
@Stacks is a leading Bitcoin Layer 2 blockchain designed to bring smart contracts and dApps to Bitcoin.
It extends Bitcoin’s functionality without altering its core protocol.
Stacks key points I've highlighted:
• Bitcoin-Powered: Uses Bitcoin as its secure base layer, anchoring Stacks transactions to the Bitcoin blockchain for immutability and security.
• Smart Contracts: Enables developers to build DeFi, NFTs, and other blockchain applications… x.com/i/web/status/18625270380...
what is $sBTC
I will not go into technical details, I will explain as clearly as possible, but not exactly.
$sBTC is 2-way pegged to $BTC 1:1. sBTC is the key to making Bitcoin programmable and bringing full smart contract functionality to Bitcoin via Stacks.
Stacks runs on… x.com/i/web/status/18625270558...
sBTC is successfully deployed on the testnet; soon it'll go live on the mainnet.
It's a big milestone and is likely to draw even more attention to the ecosystem.
And there's more good news to come below. twitter.com/124754881064721613...
Why Stacks is Not Just Another BTC L2 with BTC Staking and Who Will Buy sBTC:
Stacks has partnered with @CoinFlip, which is both unexpected and promising.
sBTC can be minted for BTC and also purchased.
You can buy it at ATMs worldwide. it could increase the number of… x.com/i/web/status/18625270818...
What is $STX:
STX is the native token of the Stacks blockchain, designed to enable smart contracts, dApps, etc.
Why?
• Transactions fees
• "Stack"ing: ~10% APY in BTC rewards
• Smart contract execution
• Digital asset registrations
etc etc
$STX looks really good, r/r is great. We have:
• Bitcoin "mining" from STX staking.
• Limited supply, with 82% in circulation
• STX was the first cryptocurrency to receive SEC qualification for its token sale in the U.S.
• $STX hasn't grown as much as $BTC, but I expect that… x.com/i/web/status/18625271201...
Stacks is great for builders:
Developers are compensated in $STX for creating useful products.
The documentation is excellent, and building on Stacks is easier thanks to the Clarity smart contract language.
They even have community tutorials posted in the documentation.… x.com/i/web/status/18625271371...
Overall, I'm really impressed and excited to dive in more. It's definitely on my radar for this bullrun!
This is a sponsored piece, but I'm genuinely interested in the project and wrote everything honestly.
Anyway, do your own research.
I hope you've found this thread helpful.
Follow me @AlphaFrog13, I'll keep you updated.
Like/Retweet the first tweet below if you can: twitter.com/151494177222446694...
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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