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Blockstack Token Continues Impressive Rally As Mainnet Launch Looms
Summary: Blockstack (STX) has gained 85% and its market capitalization has risen from $100 million to $188 million in nine weeks, according to data from Coinmarketcap. The impressive performance comes weeks ahead of a key mainnet launch for the company. The company aims to replace centralized cloud services that require user information storage by building full-stack solutions ...
Blockstack (STX) has gained 85% and its market capitalization has risen from $100 million to $188 million in nine weeks, according to data from Coinmarketcap.
The impressive performance comes weeks ahead of a key mainnet launch for the company. The company aims to replace centralized cloud services that require user information storage by building full-stack solutions for decentralized applications.
Blockstack launched its first SEC regulated token offer in July 2019. The stacks v2 launch promises to introduce a new smart contract language, and a new consensus mechanism, as reported by Cointelegraph.
STX's rally began after Blockstack announced a joint project with Algorand to develop a smart contract language called Clarity.
By Emily Mason
Tags: Algorand,Blockstack,Clarity,SEC
Link: Blockstack Token Continues Impressive Rally As Mainnet Launch Looms [Copy]
