Stacks Network Plans to Leverage BTC’s Proof of Work and Burn Bitcoins

Blockchain startup Blockstack has revealed the company is in the midst of developing a new distributed ledger protocol called Stacks, a chain that leverages the hash power from the Bitcoin Core (BTC) network. Not only is the Stacks network secured by over 45 exahash of distributed hashrate, but its consensus algorithm also burns BTC by using a mechanism known as proof of burn (PoB).

Also read: Properties Are Still Being Sold for Cryptocurrency Despite the Bear Market

Original source
https://news.bitcoin.com/stacks-network-plans-to-leverage-btcs-proof-of-work-and-burn-bitcoins/

Add comment

Please Sign in to be able to leave comments.