Bitcoin L2 in Focus: Stacks

🔑 Unlocking Bitcoin's Potential...

By DIA DAO | Open-Source Oracles for Web3
Apr 22, 2024, 7:15 PM
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Stacks is a Layer 2 solution that enables fast, cheap Bitcoin transactions and full-featured smart contracts.​ It utilizes a multi-layer architecture with Bitcoin as the base settlement layer, Stacks for smart contracts and programmability, and Hiro Subnets for scalability and throughput.​ Stacks uses the Clarity programming language and a Proof-of-Transfer consensus mechanism to settle transactions on Bitcoin.​ Upcoming upgrades include sBTC, a Bitcoin-backed asset for secure movement of BTC in and out of the Layer 2, and the Nakamoto upgrade for faster blocks and full Bitcoin finality.​

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