Stacks (STX) Has Price Increased By 30% After The New Update Release

Key Points:

• In the previous twenty-four hours, $STX has had a price increase of 30.19%, bringing it to $0.835. STX climbed to the top of the leaderboard of the week’s top gainers, posting a gain of 143.72% thanks to its exceptional performance.
• Stacks and other protocols, such as Rootstock, are doing all in their power to encourage the development of Bitcoin into a center for highly effective smart contracts.

Recently, the market growth is being led by Stacks (STX), which is a layer 1 blockchain solution aimed to introduce smart contracts and decentralized apps (dApps) to Bitcoin (BTC).

Over the previous twenty-four hours, the value of this cryptocurrency has increased by 30.19%, reaching $0.835. Stacks (STX) climbed to the top of the leaderboard of the week’s top gainers, posting a gain of 143.72% thanks to its exceptional performance.

There are two compelling reasons for the Stacks community to maintain an optimistic outlook. The publication of two white papers by the protocol contributes to the overall goal of moving Bitcoin closer to being a center for smart contracts. Many people still believe Bitcoin to be the most secure blockchain, despite the fact that there are dozens of protocols that allow smart contracts in the modern world. As a direct consequence of this, Stacks and other protocols, such as Rootstock, are doing all in their power to encourage the development of Bitcoin into a highly effective smart contract hub.

Recent developments at Rootstock include the implementation of the RIF Flyover, which represents a big step forward. The RIF Flyover is a one-of-a-kind bridge that makes it possible to move assets from the Bitcoin blockchain to Rootstock in a more expedient and user-friendly manner.

This new tool will function in addition to the bridges that are already in place, but it will give the most essential speed and convenience for transactions on Bitcoin that are tied to DeFi.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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