Blockstack’s plan to grow its network on the back of Bitcoin - Decrypt
Pretty interesting new way for blockchain blocks to be made ie the consensus mechanism.
The idea is really weird but impressive at the same time and all using Bitcoin.
The idea is that Bitcoin created and mined are energy spent on it and such resistant to attack so using bitcoins to help secure the network.
The thing is called Proof-of-Transfer and miners commit Bitcoin to verify transactions and are rewarded in STX tokens. And the bitcoin get transfered to "stakers" who run full nodes and to dev funds.
Need to see how it really works and how other people respond to this but pretty cool idea.
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