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Blockstack Token Continues Impressive Rally As Mainnet Launch Looms

Emily Mason

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

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