Muneeb Ali Explains Blockstack’s Big Bet on Bitcoin

Technology

Blockstack is integrating the security and the incentives of bitcoin to its ecosystem. CEO Muneeb Ali explains the changes.

Last week, Blockstack announced a new proposal through which node operators would be rewarded in bitcoin. The concept behind Proof of Transfer is that, for the cryptoasset ecosystem to run, electricity should only have to be converted into digital scarcity once. 

In this interview with @nlw, Blockstack CEO Muneeb Ali explains how, by tying the security of Blockstack’s Stacks blockchain to bitcoin and allowing miners to be rewarded with BTC, Blockstack might be setting a precedent for how the crypto ecosystem looks to bitcoin as a base layer. 

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Products You May Like

Articles You May Like

How crypto is playing a role in increasing healthy human lifespans
Bitcoin price loses $20K as trader warns US dollar ‘not quite topped out’
Ethereum fork token ETHPoW climbs 150% after smart contract hack — A fakeout rally?
Price analysis 9/26: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB
Fed interest rate hike rattles the crypto market: Dig deeper with Market Talks

Leave a Reply

Your email address will not be published.