🟧Stacks Bitcoin L2
Stacks L2 makes BTC programmable and bridged to other chains. Stacks is the leading Bitcoin L2 bridging BTC from BTC L1 to L2 and other chains.
The Nakamoto upgrade increased Stacks’ block speed 100x while maintaining its unique proof-of-transfer (PoX) consensus mechanism and Bitcoin finality. S - Secured by the entire hash power of Bitcoin (Bitcoin finality)
T - Trust-minimized Bitcoin-backed asset and ability to write to Bitcoin
A - Assets owned by BTC addressed via atomic swaps
C - Clarity language for safe, verifiable smart contracts
K - Knowledge of full Bitcoin state: read Bitcoin
S - Scalable, fast transaction blocks that settle on Bitcoin
sBTC is an open-source Bitcoin bridge secured and managed by and open network of Stacks validators via a threshold signature script on the Bitcoin blockchain, allowing for the permissionless and decentralized use of BTC in DeFi.
Together, these upgrades pave the way for Bitcoin DeFi.
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