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TheBlock 2022-07-28 18:55:49

Scaling Bitcoin: Stacks

Quick TakeStacks is a blockchain that utilizes a novel consensus algorithm, Proof of Transfer (PoX), that maintains the Stacks blockchain by issuing newly minted Stacks tokens to block miners as a fee for producing the next Stacks blockIn exchange, block miners are expected to spend Bitcoin in order to participate in the block production process for the Stacks blockchainOn top of the novel consensus, Stacks introduces Clarity, a smart contract programming language that aims to bring greater programmability to BitcoinWhile Stacks have achieved their technical goals, the adoption has remained lackluster

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