Stacks up 215% in 3 months, Tim Draper bullish
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. STACKS, the native token of Stacks Network, rose 27% on Dec. 20, fueled by positive comments from renowned investor Tim Draper. Draper, who has a history of making successful crypto investments, expressed his enthusiasm for Stacks in an interview with CoinBureau. He believes that Stacks has the potential to reshape the way that smart contracts are deployed and used on the Bitcoin (BTC) blockchain. By default, Bitcoin is a transactional layer and doesn’t support smart contracts. Stacks aim to tap into Bitcoin’s decentralization and security by acting as a layer-2 network from where protocols can quickly deploy smart contracts. By “pegging-in”, it is possible to transfer STACKS between Bitcoin and Stacks without modifying the legacy blockchain. You might also like: Stacks rallies 11% as ...