Blockstack is the software for user-owned internet.  Stacks 2.0 enables secure apps & smart contracts on Bitcoin.

Blockstack tweeted:  “#HackStackers – looking for innovative projects ideas? Get inspired by this session with @Flynnjamm (creator of @JammSession_) focused on how social tokens can create value for apps, Web 3.0 social networks, and more!”

Sydney Ifergan, the crypto expert tweeted:  “I see Blockstack (STX) are just starting.  They are focusing on an open-source effort to design a network that has the security of Bitcoin with the Expressivity for developing decentralized applications.”

Blockstack are envisioning decentralized apps without mass data breaches, loss of user privacy and lack of data portability.  They are focused on making it all good.

Blockstack points to how Satoshi Nakamoto designed the limited scripting language for a single use case, which is for the tracking of ownership of Bitcoin.

When it comes to building decentralized app, it becomes important to program it for better expressivity.

Blockstack (STX) Layers

Blockstack improves on the expressivity to Bitcoin without coming up with a new Proof of Work chain. Rather, they make use of Bitcoin’s computing power and its blockchain for settlement and security.

The layers of the BlockStack Network are clearly provided. By traditional internet design, they are in the application layer.  However, there are other multiple layers.  There is a Bitcoin Blockchain, Stacks Blockchain, Protocol Layer, and Application Layer.

The Bitcoin Layer is for settlement with Bitcoin (BTC).  The stacks blockchain is to provide clarity for smart contracts with Digital Assets (FTs, NFTs, STX).  There is a protocol layer with Gaia storage, authentication, naming service, and financial.  There is an application layer.

The BlockStack Roadmap has a scheduled Ecosystem grant for Blockstack infrastructure and integrations providing for App Mining 2.0 for app developer incentives.  Further request for Startups (RFS) for the Blockstack ecosystem and App chains for scaling apps and new crypto assets.

On October 01, 2020 Hackstacks has officially begun.  For those who do not know, HackStacks is a virtual hackathon which provides developers with a first shot at leveraging the power of PoX by building tools on the blockchain, which make it easier profitable to participate in the Stacks 2.0 consensus mechanism.

The Stacks 2.0 consensus mechanism is the foundational aspect of the STX Mining and Stacking functions, which work together eventually to link network to Bitcoin, eventually securing the blockchain.

Mining on Stacks 2.0 permits miners to mint new Stacks (STX) tokens by basically forwarding (BTC) to the network.  Also, Stacking makes it possible for “Stackers” to earn that BTC by locking up their STX tokens on the network.