With dApps and smart contracts, will Stacks be Bitcoin’s entry into Ethereum’s turf
Bitcoin-focused DeFi has long been in the works, to take advantage of its decentralized network. Recently, Stacks co-founder and data scientist Muneeb Ali stated,
“Bitcoin apps and contracts always sounded like good ideas in theory. The only thing that has changed now is that Stacks is making them real.”
Stacks was introduced as a layer-1 blockchain to make Bitcoin programmable, opening doors to dAPPs and smart contracts. In a recent Twitter exchange, Ali agreed that “building financial tooling and primitives around Bitcoin is harder.”
He further stated that it is because of the non-existing functionality for smart contracts on Bitcoin. Something, that Vitalik Buterin has also pointed out in the past. The very function on Ethereum lets it rule
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