Buy Stacks in India on WazirX exchange and enjoy. One can invest in STX as per their risk capacity and price action. Stacks (STX) to Rupee (INR) - Get accurate STX to INR price conversion 24/7 with a live Stacks price chart. STX/BTC pair is observing an uptrend and can soon see a new high. STX is looking to take what makes Bitcoin so powerful, and extend it with more features, without needing to fork or change the original Bitcoin blockchain. Stacks project was conceived in 2013 with the help of different venture capitalists. Stacks goal is to add smart contract functionality to Bitcoin and bring NFTs and DeFi for the BTC blockchain. Stacks Coin is a cryptocurrency and blockchain technology like the rest of the crypto. Stacks price is trading near the value of $1.44 and has seen a gain of more than 4% in the intraday session.The platform is trying to bring the smart contracts and decentralized apps on the BTC network which can convert it into a powerful layer-1 block chain solution. Stacks price today is 0.39 USD, which is Down by -2.56 over the last 24 hours. STX coin price is currently in a downtrend on the daily chart and can soon test the $1 support. Meanwhile, STX/BTC pair is up by more than 4.8% in the intraday session Technical Indicators of the STX price suggests a downside momentum in price for the future.Stacks coin price is currently seeing a downtrend on the daily chart and can hit the lower support soon.In contrast ,Stacks price has observed a gain of more than 5% in the past 24 hours.The lowest price since it's ATH was 0.304360 (cycle low). Stacks reached its highest price on when it was trading at its all-time high of 3.31. The STX price decreased -12.01 in the last 24 hours. ⬆️Above all, if you want to find the most undervalued gems, up-to-date research, and NFT buys with Altcoin Buzz Access. Stacks price today is 0.405542 with a 24-hour trading volume of 8.96M, market cap of 539.37M, and market dominance of 0.05. ⬆️Moreover, for more cryptocurrency news, check out the Altcoin Buzz YouTube channel. Moreover, its marketcap is $528.3 million with a 24-hour trading volume of $7.2 million. The token has fallen 11.1% over the past week as crypto markets cool from a recent rally.Īlso, STX is down 88% from its December all-time high of $3.39. As a result, STX was trading at $0.3989 at the time of writing this article. Stacks STX Token Outlookįinally, STX, the Stacks native token, dropped 1.8% on the day. According to the roadmap, pilot testing will start in Q4-2022. Then, the system is currently in development, and the whitepaper, seed funding, and tokenomics are launching in Q3-2022. Arkadiko provides a platform for users to collateralize Stacks STX tokens and mint the USDA stablecoin. On the other hand, users can lock BTC to mint the stablecoin and burn the coins to retrieve their Bitcoin. Furthermore, Arkadiko can use the bridge to lock BTC in escrow to mint the stablecoin. “This bridge enables new types of non-custody DeFi applications that were not possible before,” it stated.Īrkadiko has joined up with DLC.Link to build the “world’s first” stablecoin that is backed by self-custody Bitcoin. Independent node operators run the oracles in return for a payment in their native token. Link provides the decentralized oracle infrastructure that runs the bridge. Furthermore, smart contracts can lock and unlock Bitcoin by communicating with these oracles. Discrete Log Contracts (DLCs) Facilitates Payments on Bitcoinĭiscrete Log Contracts (DLCs) are 2 of 3 multi-sig wallets where one party is an independent oracle. These escrow contracts need to be decentralized to increase transparency.
Additionally, the way to get around this is by using escrow contracts. The video explained that even reputable custodians are subject to human error and hacking. Link, and Arkadiko Protocol.īuilding the world's first stablecoin that is backed by Self-Custody $BTC? 🤯 bridge lets lock #Bitcoin in escrow to mint the stablecoin 🚀 Watch how 👇īecome the next Stacks builder on #Bitcoin 💜 /S62q1A5rQJ
Furthermore, the effort is a collaboration between Stacks Ventures, DLC. On July 25th, Stacks posted a video explaining how a Bitcoin-backed stablecoin would work. The current problem facing Bitcoin holders is that they have to wrap or tokenize their bitcoin to use it in a DeFi platform to exchange it for a stablecoin. Currently, Stacks and DLC.Link has developed a new concept of a stablecoin. This includes smart contracts, nonfungible tokens ( NFTs), and decentralized applications (apps). Stacks is a layer-1 blockchain that adds functionality to the Bitcoin network. It is using self-custody Bitcoin as collateral. The latest concept in stablecoin innovation is being developed by Stacks.
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