Stacks 2.0 blockchain is all set to launch in January 2021 with the novel consensus algorithm called Proof of Transfer. Proof of Transfer connects the Stacks blockchain with the Bitcoin blockchain. Stacks blockchain anchors to the Bitcoin blockchain which has the most powerful proof of work consensus algorithm. Stacks miners spend Bitcoin to participate in the Stacks mining process. The elected leader gets the newly minted Stacks cryptocurrency (STX). The Stacks holders can lock their STX in consensus to earn the Bitcoin spent by the miners. The interesting thing to note will be the mining strategy used by the miners when the Stacks 2.0 launches. Ideally the miners would want to ensure that they acquire the Stacks at a lower rate compared to the market by spending the least amount of Bitcoin.
Stacks 2.0 also adds support for smart contracts using Clarity Smart Contract language. Since the Stacks and the Bitcoin blockchain are connected, it will bring unique DeFi capabilities for Bitcoin. This is a good opportunity for the developers to build useful products for the Stacks and the Bitcoin ecosystem.
Read the Stacks 2.0 whitepaper
","url":"https://itechwik.herokuapp.com/stacks-2-0-to-launch-with-novel-consensus-algorithm-and-smart-contract-capabilities-for-bitcoin/","canonical_url":null,"uuid":"c71d9cc1-58b2-4741-b2bc-50b403bd01f6","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5fdfb33b23cf9d001e5fe731","reading_time":1}},{"node":{"id":"Ghost__Post__5e7125d4f2f297001e0c0805","title":"Times of Corona Quarantine - Real Heroes (Song)","slug":"times-of-corona-quarantine-real-heroes-song","featured":false,"feature_image":null,"excerpt":"Life's so hard, We got a feel\nIn the times of Corona quarantine\n\nJust when we thought the new decade will give us a high five\nCame out of nowhere a global pandemic which we initially denied\n\nWith all the darkness around us there's always a hope\nThat what we do not have a solution for today, tomorrow we will\n\nOnly in movies we found our cherished heroes\nRealise that Doctors and Nurses are one of the real heroes\n\nNow's the time to make the difference\nPlease maintain the required hygiene and safe d","custom_excerpt":null,"visibility":"public","created_at_pretty":"17 March, 2020","published_at_pretty":"17 March, 2020","updated_at_pretty":"17 March, 2020","created_at":"2020-03-17T19:32:36.000+00:00","published_at":"2020-03-17T19:48:38.000+00:00","updated_at":"2020-03-17T21:10:50.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Viraj Anchan","slug":"viraj","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Viraj Anchan","slug":"viraj","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[],"plaintext":"Life's so hard, We got a feel\nIn the times of Corona quarantine\n\nJust when we thought the new decade will give us a high five\nCame out of nowhere a global pandemic which we initially denied\n\nWith all the darkness around us there's always a hope\nThat what we do not have a solution for today, tomorrow we will\n\nOnly in movies we found our cherished heroes\nRealise that Doctors and Nurses are one of the real heroes\n\nNow's the time to make the difference\nPlease maintain the required hygiene and safe distance\n\nIt's not only about you\nBut people near and dear to you\n\nTogether we fight\nTogether we win\n\nby Viraj Anchan","html":"Life's so hard, We got a feel
In the times of Corona quarantine
Just when we thought the new decade will give us a high five
Came out of nowhere a global pandemic which we initially denied
With all the darkness around us there's always a hope
That what we do not have a solution for today, tomorrow we will
Only in movies we found our cherished heroes
Realise that Doctors and Nurses are one of the real heroes
Now's the time to make the difference
Please maintain the required hygiene and safe distance
It's not only about you
But people near and dear to you
Together we fight
Together we win
by Viraj Anchan