The development team called Stacks seems to have set its sights on nothing less than bringing the achievements of the world of Ethereum, smart contracts, NFTs, DeFi and much more to the world of Bitcoin. Stacks (STX) tokens with the same name play an important role in the ecosystem, staking allows owners to earn income and vote.
The coins experienced an amazing rise, jumping from around 30 cents to around 90 cents in regarding two weeks. In the last week, this coin was also the most successful in the field of the hundred largest cryptocurrencies and fought its way up to the 47th place.
Experts are divided on the future of Bitcoin side chains or second-layer blockchains, as we wrote in January on the occasion of the publication of the “white paper” of the Stacks protocol. The competition is strong, many others are also working on layer 2 Bitcoin solutions.
But this actually belongs to the essence of the system. Bitcoin sacrificed scalability (speed) for the sake of security and stability, which they planned to improve with second-layer solutions.
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