Is it possible that you are not considering changes coming for Stacks that you are not considering? I'm (mostly) just a messenger here, as this crossed my feed and thought it worthy of being shared. But this seems to be an improvement over the Stacks that I've read about previously.
In this paper, we present a trustless two-way Bitcoin peg system. Unlike earlier approaches where a fixed federation or federation of multisig wallets needs to be trusted by users, this new approach has economic security through an open-membership and dynamic set of signatories. Further, users don't pay any fees when moving their BTC in and out of the Bitcoin layer and the dynamic set of signatories are rewarded in BTC for their work by the consensus protocol.
This work brings us closer to building ideal Bitcoin layers. Not only do users have access to full smart contracts at the layer but they can easily move their assets in and out of the layer in a decentralized manner while their transactions are secured by 100% of the base layer security.
Here's the Tweet that kicked off the Twitter thread where this paper was shared:
NEW: we’re releasing two papers that enable trustless movement of BTC in/out of Bitcoin layers; unlocking the full potential of Bitcoin in DeFi & web apps.
A trustless two-way Bitcoin peg has been a holy grail problem for a decade.
Stacks is a scam and a joke. Dont fall for that BS
Ok, more info on this topic:
https://twitter.com/Truthcoin/status/1603104770952003586 [Nitter]
Is it possible that you are not considering changes coming for Stacks that you are not considering? I'm (mostly) just a messenger here, as this crossed my feed and thought it worthy of being shared. But this seems to be an improvement over the Stacks that I've read about previously.
See also another post, found here on SN, which shares an accompanying paper:
Stacks: A Bitcoin Layer for Smart Contracts
#107062
https://assets.stacks.co/stacks.pdf
Here's the Tweet that kicked off the Twitter thread where this paper was shared:
https://twitter.com/muneeb/status/1603065919508709377 [Nitter]