Amadeo Pellicce, Product Manager at Blockchain.com, a leading provider of crypto wallets, trading platform and Block Explorer service, notes that they have always believed in the “revolutionary power” of Bitcoin (BTC) since they first started at Blockchain.com. the flagship cryptocurrency.
Pellicce pointed out that Bitcoin can potentially “give anyone the ability to control their own money”. In 2020, Blockchain.com partnered with Blockstack PBC (a global blockchain technology company co-founded by a Pakistani computer scientist and entrepreneur Dr. Muneeb Ali) to offer an airdrop of the stack token (STX) to its customers around the world, Pellicce confirmed.
“We have admired the great work they have done since 2013 in developing innovative software that enables decentralized applications, identity and finance. We were excited to now support Stacks 2.0, which provides Bitcoin with powerful smart contracts and applications. “
Pellicce stated that Stacks 2.0 is “part of a network upgrade, part of an entirely new network.” He also mentioned that by anchoring stacks in Bitcoin, it integrates Bitcoin’s security, capital, and network. He noted that “the promise here is that developers will be able to create applications and smart contracts that make Bitcoin, valued at $ 760 billion, programmable through the Clarity programming language.”
Additionally, for those familiar with blockchain or DLT-based distributed ledger technology (DLT) staking platforms, the Stacks 2.0 network provides a similar but “unique feature” called “Stacking: Lock your STX to network consensus and earn rewards in Bitcoin as part of Proof of Transfer (PoX). “
Brittany LaughlinThe Stack Foundation executive director stated that Blockchain.com is one of the best-known and established crypto companies and their ongoing work to simplify and improve the DLT sector and improve access for more people is “a critical part of pushing the industry forward. “
“Like us, they believed in Bitcoin early on. The support for Stacks 2.0 is another example of their commitment to investing in the network and a decentralized future owned by users. “
Blockchain.com users who attended Airdrop 2020 will reportedly receive full support for Stacks 2.0 functionality.
“We will also be adding trading support for STX on the Blockchain.com Exchange in the near future. We look forward to working with Hiro (previously BlockStack) and the Stacks Foundation to bring new value and use cases to Blockchain.com users who own STX. “