What is Blockstack Coin (Blockstack Token)
What is Blockstack Coin? According to bitcoinist news, what is Blockstack Coin?
What is Blockstack Coin? According to bitcoinist news, what is Blockstack Coin? The codename for Blockstack is BlockStack. Blockstack consists of a group of blockchains, including Bitcoin and Litecoin (LTC). One chain is a decentralized open-source software platform developed on the Bitcoin network. Another chain is a distributed ledger technology framework called Blockstack, which is used for storing transaction data. This system aims to solve the problem of slow internet usage today.
Another chain consists of two parts: a private key database and a code repository, as well as some other things. And all of these contents are implemented through Blockstack.
Blockstack Token
According to reports, Muneeb Ali, co-founder and CEO of Blockstack, stated that the Blockstack Token is the only exchangeable digital asset and plans to launch its network in the coming years. The Blockstack Token will initially operate as a native cryptocurrency for block production and validation on the Bitcoin blockchain. According to a document previously submitted to the U.S. Securities and Exchange Commission, Blockstack is expected to release a public testnet by the end of the first quarter of 2022.
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