https://docs.stacks.co/docs/stacks-academy/proof-of-transfer
Stacks's proof of transfer, seems like a variation of proof of stake. It feels like doing the exact same thing as Ethereum except better integration with BTC.
If it's a thing and decentralized to a certain level, there's no need for Ethereum indeed. I only have some doubts about the BTC <-> STX exchange tokenomic model.
But I don't see that happening any time soon, while ETH could just use zk-proof to achieve the same level of integration as it.
#BTC #stacks #ETH #scale #L2
KisSean / Kis Sean
npub1p4…pavtn
2023-05-05 22:08:34
Author Public Key
npub1p4hnldlneqm4t6nnzwq9zct8mfnfrn4q6lwlfpj4qhffz6ru5dps8pavtnPublished at
2023-05-05 22:08:34Event JSON
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"content": "https://docs.stacks.co/docs/stacks-academy/proof-of-transfer\n\nStacks's proof of transfer, seems like a variation of proof of stake. It feels like doing the exact same thing as Ethereum except better integration with BTC. \n\nIf it's a thing and decentralized to a certain level, there's no need for Ethereum indeed. I only have some doubts about the BTC \u003c-\u003e STX exchange tokenomic model. \n\nBut I don't see that happening any time soon, while ETH could just use zk-proof to achieve the same level of integration as it. \n\n#BTC #stacks #ETH #scale #L2",
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