It has a 73% premine with weird proof-of-take consensus. Miners pay bitcoin to stakers (existing STX holders) and if the miner wins a block, they get STX in return.
Its primary relationship to bitcoin is that they take your bitcoin in exchange for their shitcoin. The basis for calling it an L2 is that it uses bitcoin, but it uses bitcoin in ways that lack any heritability of bitcoin's qualities. It's an affinity scam.
It has a 73% premine with weird proof-of-take consensus. Miners pay bitcoin to stakers (existing STX holders) and if the miner wins a block, they get STX in return.
Its primary relationship to bitcoin is that they take your bitcoin in exchange for their shitcoin. The basis for calling it an L2 is that it uses bitcoin, but it uses bitcoin in ways that lack any heritability of bitcoin's qualities. It's an affinity scam.