Stacks Outage Highlight Layer-2 Role to Dey Boost Bitcoin With Smart Contracts and DeFi
Stacks, one layer-2 blockchain wey dem build on top Bitcoin, get 5-hour outage because of delay wey one signer cause, wey make block production stop for small time. The outage follow the Nakamoto upgrade wey dem plan to make transaction dey fast and secure well well. Even with the setback, Stacks still dey use Bitcoin security for decentralized finance apps. The STX token gain over 4% for value during the wahala. Stacks dey different from solutions like Lightning Network because e dey maintain permanent state wey dey important for smart contracts. Wey dem launch for 2021, STX dey use Proof of Transfer (PoX) to reward holders with Bitcoin, dey balance incentives between Bitcoin and Stacks to make the blockchain DeFi functionality expand. The outage no dey stop Stacks ambition to join Bitcoin network with decentralized application potential and continuous DeFi initiatives like the sBTC project.
Bullish
The problem wey happen for Stacks no last long and e no stop the network make e no dey do better for the DeFi side. Even though the thing stop for some time, the price of the STX token go up pass 4%, wey show say market believe say Stacks fit make Bitcoin DeFi better. This belief, plus the Nakamoto upgrade wey dem do recently, dey show say traders get hope for how Stacks go take dey important for Crypto market. Since before, things wey dem don do and things wey Proof of Transfer give, don show say Bitcoin fit do more DeFi without putting am for danger.