994. Stacks Bitcoin Utility Exploding | $STX_ The Polygon of Bitcoin?

Feb 23, 2023 · 22m 20s
994. Stacks Bitcoin Utility Exploding | $STX_ The Polygon of Bitcoin?
Description

Ordinals is a new protocol that allows NFTs to be stored on the Bitcoin blockchain. STX is the native token of the Stacks Network, a layer 2 blockchain that leverages...

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Ordinals is a new protocol that allows NFTs to be stored on the Bitcoin blockchain. STX is the native token of the Stacks Network, a layer 2 blockchain that leverages the security of the bitcoin blockchain to settle transactions. Ordinals' non-fungible tokens (NFT), triggered a massive rally in Stacks Network's STX token earlier this week, while also enabling the creation boom of several Bitcoin NFT wallets and services. Is Stacks becoming the Polygon/ETH of Bitcoin network, where does that leave the Lightning Network?
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Author Rever Networks
Organization Rever Networks
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