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Stacks, a Layer 2 blockchain built on Bitcoin, has been nominated as a Crypto Project of the Year amid a surge in Bitcoin's market capitalization and the growth of Bitcoin DeFi. The founder of Stacks, Muneeb Ali, highlighted the significant potential for capital deployment in Bitcoin, noting that less than 1% of Bitcoin capital is currently utilized. The Stacks Attackathon has commenced, offering a total prize pool of $250,000 for participants. The event aims to educate participants on various aspects of the Stacks network, including its functionalities, smart contracts, and interoperability with Bitcoin. The Nakamoto upgrade has enhanced the Stacks network by providing faster block times and Bitcoin finality, setting the stage for further advancements expected before the end of 2024.
Welcome to the next chapter of the @Stacks Attackathon Education Period 📚 In this 🧵we’ll be focussing on Event Observers, and their role in ensuring interoperability between Stacks and Bitcoin. Let’s dive in! #StacksxImmunefi https://t.co/WSF8wj3dpZ
.@Stacks founder @muneeb joined us to discuss the growing opportunity in Bitcoin DeFi as Bitcoin's marketcap continues to explode: "There's so much Bitcoin capital — less than 1% is deployed right now" https://t.co/cl8cjhHlnn
1/ Welcome to the next chapter of the @Stacks Attackathon Education Period 📚 In this 🧵we’ll be sharing resources on bridging between Stacks and Bitcoin, so that you can get ready to hunt 🔍 Remember, there’s $250K in rewards available in the Stacks Attackathon, so get… https://t.co/HgRDVy4dZy
