DEFI ON BITCOIN! 🚀🔥How To Stake Stacks $STX and EARN BITCOIN! Blockstack

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The Stacks blockchain brings smart contracts, scalability and staking rewards to the Bitcoin blockchain. It connects using a "Proof of Exchange" inter-chain consensus mechanism which allows it to provide smart contracts and decrease confirmation times while simultaneously anchoring into the underlying Bitcoin blockchain for its security benefits.

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Timestamps:
(01:10) What is STX?
(03:12) Proof of Transfer PoX
(04:26) STX Scaling and Smart Contracts
(07:20) Staking STX for BTC
(10:11) STX Wallet Setup
(12:27) Conclusion

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The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

References
https://gaia.blockstack.org/hub/1AxyPunHHAHiEffXWESKfbvmBpGQv138Fp/stacks.pdf

https://www.stacks.co/

https://www.okcoin.com/index.html

DEFI ON BITCOIN! 🚀🔥How To Stake Stacks $STX and EARN BITCOIN! Blockstack

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Created by Sara Bauer and Richard Abermann

31 comments

  1. Timestamps:
    (01:10​) What is STX?
    (03:12​) Proof of Transfer PoX
    (04:26​) STX Scaling and Smart Contracts
    (07:20​) Staking STX for BTC
    (10:11​) STX Wallet Setup
    (12:27​) Conclusion

  2. Nobody was talking about this a couple of months ago while the whales were accumulating (just look at the January chart). Got in at 40 cents. This is a top 10 project. Absolutely insane potential.

  3. I dont think bitcoin needs smart contracts, its too slow for that even if you build on it the fees will be even more ridiculous.

  4. stack seems inflationary but bitcoin is considered deflationary, so over time the amount of stack staked reward will need to increase alot

  5. I was looking at this last year and I think some thing about the project turned me off – I think i didn’t have enough capital to stake to receive rewards… seemed to cater to big companies. in hindsight still a good company since big companies will use this to gain more btc

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