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Blockstack Announces New Mining Opportunities For Upcoming Stacks 2.0

Isaac Goluboff

Summary: Blockstack has publicized a new earning model to be used in version 2.0 of its blockchain Stacks. The new model will allow Stacks (STX) holders to lock their assets to the network and earn bitcoin (BTC) from STX miners. Smart contracts for these transactions will be made possible by a Proof of Transfer algorithm. Decrypt ...

Blockstack has publicized a new earning model to be used in version 2.0 of its blockchain Stacks. The new model will allow Stacks (STX) holders to lock their assets to the network and earn bitcoin (BTC) from STX miners. Smart contracts for these transactions will be made possible by a Proof of Transfer algorithm.

Decrypt notes that, given that previously mined STX can subsequently be locked to the network and exchanged for BTC again, Stacks 2.0 will allow for a productive exchange pair between the two currencies.

By Isaac Goluboff

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Link: Blockstack Announces New Mining Opportunities For Upcoming Stacks 2.0   [Copy]
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