Home Bitcoin News Stacks L1 Blockchain Cross-Chain Transactions with Bitcoin Trustless BTC Swaps to Stablecoins

Stacks L1 Blockchain Cross-Chain Transactions with Bitcoin Trustless BTC Swaps to Stablecoins

Bitcoin
  • BTC Swaps to Stablecoins
  • Pure Bitcoin Transactions
  • Seeing the Future happen Real-Time

Stacks make Bitcoin programmable, enabling decentralized apps and smart contracts which inherit all of Bitcoin powers. Stacks connects to Bitcoin, allowing the users to build apps, smart contracts, and digital assets integrated with Bitcoin’s security, capital, and network.

Muneeb Ali, Founder of Stacks.BTC states:  “What is this? Users can do trustless BTC swaps to stablecoins, derivatives, perpetual, and other crypto assets. All by pure Bitcoin transactions on the main BTC chain. Users can purchase any digital assets (like NFTs and decentralized domains).

This is a big deal. Why? Bitcoin has established itself as digital gold, but you can’t use BTC to trade without going through: (a) centralized exchanges, or (b) alt blockchains w/ wrapped BTC Not anymore!

Wrapped BTC is not Bitcoin, and many bitcoiners don’t trust the security & decentralization of alt blockchains. Centralized exchanges require KYC (privacy concern) and have counterparty risk of custody of your Bitcoin. All that changes now.

Stacks is a unique L1 blockchain that enables cross-chain transactions with Bitcoin: smart contracts that work with pure Bitcoin transactions. Using Stacks, developers have built trustless swaps with native BTC!

Developers have deployed working swaps with all sorts of assets like NFTs, other crypto-assets, etc. With USDC coming to Stacks, trust-less BTC/USDC swaps can be possible.

Does this mean Ethereum features are possible directly on Bitcoin? Yes. You can have Uniswap-like AMMs built around native BTC swaps, do pure BTC transactions to interact. Of course, with the security of Bitcoin.”

By locking STX temporarily to support the network’s security and consensus, users can earn rewards.  They can earn Bitcoin, which miners transfer as part of Proof of Transfer.

Stacks has made Bitcoin’s $760B of capital programmable with smart contracts. It helps build a better financial system on top of Bitcoin, which is open, composable, and without intermediaries.

To provide or safer smart contracts, users can run your app’s logic on the blockchain with Clarity smart contracts. Clarity is a more secure and predictable language, which prevents many bugs and exploits. It is perfect for high-stakes code where bugs are not an option.

Those who are new to stacks need to get a conceptual overview of Stacks, Bitcoin, and decentralized apps.  They need to understand the technology that powers stacks. In the process of mining, users spend their Bitcoin to mine new blocks with Proof of Transfer where no special hardware is required.

Community is seeing the Future happen in real-time. Staking stacks and earning BTC is a no-brainer.  It is eye-opening to see not only what is possible but happening. The community had faith back then, but they now see the vision turn to reality, which is life-changing. And, all on Bitcoin

 

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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