Stacks Report by Jesse

As Novogratz said this weekend, if you're not long your short my friends. Not to dismiss the feeling of loss during times like this. Only to highlight the better options available in longer timeframes. Because, if you thought we were above a Billionaire publicly influencing the price of Bitcoin in the short term. We’re not quite there just yet, but their time is fleeting. As Chinese miners and citizens begin to comply with their local government, a lot of coins have moved from the East to the West this week. Seeing new addresses continuing to grow exponentially, price does not reflect Bitcoins continued network effects. Or downplay all the incredible news about the future of Bitcoin released this week from the conference. One of those projects in attendance is the focus of this week's review with Stacks.

Introduction

Stacks; formally known as Blockstack, is an open-source network of decentralized apps and smart contracts built on Bitcoin. Stacks unleashes Bitcoin’s full potential as a programmable base layer. Stacks connects to Bitcoin and makes it programmable, enabling you to build apps, smart contracts, and digital assets that are integrated with Bitcoin's security, capital, and network. Apps built on Stacks run their logic on a blockchain controlled by code instead of companies. Making them easily accessible to anyone enables decentralized apps to do things that regular apps can’t. Stacks uses Clarity, a safe and predictable language for smart contracts. Clarity smart contracts have visibility into the Bitcoin state and can include Bitcoin-based logic. Every Bitcoin block, Stack transactions are batched and hashed on the Bitcoin blockchain. This makes all Stacks transactions inherit Bitcoin’s finality and settlement, with Stacks transactions verified on the Bitcoin blockchain. As the