{"id":17994,"date":"2023-02-23T10:45:34","date_gmt":"2023-02-23T10:45:34","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/stx-price-shoots-up-31\/"},"modified":"2023-02-23T10:45:34","modified_gmt":"2023-02-23T10:45:34","slug":"stx-price-shoots-up-31","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/stx-price-shoots-up-31\/","title":{"rendered":"STX price shoots up 31%"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677143863321-73cf637a-87d8-4e41-8f4a-d06255029b6f-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677143863321-73cf637a-87d8-4e41-8f4a-d06255029b6f-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677143863321-73cf637a-87d8-4e41-8f4a-d06255029b6f-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677143863321-73cf637a-87d8-4e41-8f4a-d06255029b6f-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul class=\"decimal_type\">\n<li>Stacks blockchain was designed to bring smart contracts and dApps to Bitcoin.<\/li>\n<li>Stacks is providing a way to transfer assets to and from Bitcoin using smart contracts.<\/li>\n<li>Its releases today advance its aim of making Bitcoin a more programmable smart contract hub.<\/li>\n<\/ul>\n<p>The <a href=\"https:\/\/coinjournal.net\/stacks\/\">price of STX<\/a>, the native token of the Stacks blockchain, has risen by more than 143% over the past week besides today\u2019s surge of 31.73% at press time. The reason for today\u2019s Stacks price surge is mainly because of<a href=\"https:\/\/www.stacks.co\/learn\/sbtc\"> two major whitepaper releases<\/a> by the Stacks blockchain as it continues with its goal of making the <a href=\"https:\/\/coinjournal.net\/bitcoin\/what-is-bitcoin\/\">Bitcoin blockchain<\/a> a more programmable smart contract hub.<\/p>\n<p>Stacks\u2019 is a Layer-1 blockchain solution that aims works on bringing smart contracts and decentralized applications (dApps) functionality to the Bitcoin blockchain. Bitcoin by design is a proof-of-work (PoW) blockchain with no in-built smart contracts capabilities.<\/p>\n<h2>The two Stacks whitepapers<\/h2>\n<p>The first whitepaper release is titled \u201csBTC whitepaper\u201d while the second whitepaper release is titled \u201cstacks whitepaper.\u201d<\/p>\n<p>The sBTC whitepaper introduces a newly proposed asset referred to as sBTC that will act as a trustless two-way Bitcoin peg to allow for the swift transfer of assets to and from the Bitcoin blockchain. In essence, the sBTC will allow Bitcoin to become a more secure Web3 hub by enabling trustless writing to Bitcoin and the movement of Bitcoin in and out of Bitcoin layers. The transactions will be secured using 100% of Bitcoin hash power.<\/p>\n<p>The sBTC complements Stacks 2.0 which introduced \u201cread\u201d access to the Bitcoin protocol.<\/p>\n<p>The stacks whitepaper (Nakamoto Release) adds important capabilities to the Stacks protocol to enhance its power as a Bitcoin layer. The whitepaper introduces a number of changes that are to be made to the Stacks protocol in order to enable the trustless functionality of the newly proposed sBTC asset.<\/p>\n<p>While the release of the two whitepapers is a major milestone for Stacks, it is also a major boost for the Bitcoin economy. sBTC will introduce a new era of Bitcoin applications, which will in turn unlock $300B+ within the Bitcoin ecosystem in latent capital for Web3 and also accelerate the growth of the Bitcoin economy.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/stacks-releases-two-whitepapers-stx-price-shoots-up-31\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Stacks blockchain was designed to bring smart contracts and dApps to Bitcoin. Stacks is providing a way to transfer assets to and from Bitcoin using smart contracts. Its releases today advance its aim of making Bitcoin a more programmable smart contract hub. The [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":17995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17994"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=17994"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17994\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/17995"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=17994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=17994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=17994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}