Q3 2023: Building Naka·mojo·
🟧 Unleashing Layers, London, and more.
Building on Bitcoin has truly found its mojo. We’re hot off Bitcoin Unleashed in London, where one of the world’s hottest crypto hubs had a front-row seat to the blossoming world of Bitcoin layers.
The current trend: Projects continue to pop up, offering new takes and tools as developers look to build on Bitcoin. We’ve seen updates from the likes of Babylon, BitVM, Lightning, Chainway, ZeroSync, Ark, RSK, Stacks, and others.
The current vibe: Every layer and scaling solution is a good thing for Bitcoin and the builders trying to unleash the Bitcoin economy.
On the Stacks end of the Bitcoin ecosystem, core contributors have organized around shipping key releases expected to unlock sub-5 second block times and 100% Bitcoin finality (Nakamoto), and a 1:1 Bitcoin-backed asset (sBTC) that can seamlessly move between the L1 and the L2.
Below, we’ve collected the biggest news from the past quarter, but don’t forget you can keep up on a weekly basis with Stacks Snacks too.
To keeping your Naka·mojo·,
Mitchell & the Stacks Foundation Team
🟧 Upgrades Ahead: Nakamoto & sBTC
The ecosystem continues building toward the release of Nakamoto and sBTC. At Bitcoin Unleashed, the sBTC Developer Release was revealed, allowing the over 200 attendees at the EasyA hackathon and 150 testnet program participants the opportunity to test an initial version of sBTC.
On the ecosystem side, Copper became the first major player to indicate their intended support for Nakamoto and sBTC. They did so while announcing their integration of Stacks, bringing custody and Stacking services to STX and all Stacks-based tokens.
We’re thrilled to announce our integration with @Stacks – the leading Bitcoin layer for dApps and smart contracts.
This integration allows institutional clients to safely custody, trade, and leverage Stacking with all existing and future SIP-010 tokens on the Stacks blockchain.… twitter.com/i/web/status/1…
— Copper.co (@CopperHQ)
Oct 18, 2023
🆙 Other Integrations & Improvements:
Allbridge releases a Stacks bridge connecting Stacks to 19 chains
Stacks Joins Ledger Live: Unlock Bitcoin Capabilities Securely
Hiro Wallet announces support for DLCs!
Magic Protocol announces $50K liquidity for BTC to xBTC swaps
Hiro: Introducing Chainhooks + learn how Chainhooks are a major step forward for Bitcoin DeFi courtesy of Zest
RocketX + Stacks: unlock the power of the interchain
We’re delighted to reveal the Developers Release of the Pyth oracle on @Stacks
Thanks to the contribution of @hirosystems, Stacks developers can build smart contracts with access to Pyth’s 300+ price feeds for equities, ETFs, commodities, FX and digital assets
Learn more below:
— Pyth Network 🔮 (@PythNetwork)
Aug 23, 2023
👀 Looking at Stacks
Several people, from investors to developers took a deeper look at Stacks this quarter and shared their thoughts.
CoinGecko’s top Layer 2s to Watch
House of Chimera’s episode on all things Stacks
Messari includes Stacks in its L1 report
Bitcoin Apostle: Stacks - The Ultimate Savings Account
CryptoDep celebrates Stacks as coin of the day
Lunar Crush: “Bitcoin layer 2” trending with Stacks as a solution
Digital Asset News: Stacks is the layer to scale Bitcoin
Stacks in Binance: 1 of 3 blockchains racing to be top security provider
The Coin Republic: STX - Advantages and List of the Popular NFTs
Paul Veradittakit: A deep dive on Stacks, Bitcoin scalability & more
Khoa Nguyen: A thread on unlocking Bitcoin capital
Bitcoin Wallet CEO Ken Liao names Stacks as his favorite scaling option for the Bitcoin economy
Publius.btc shares ideas for sBTC startups
ALEX has a quarter for the ages, seeing over $23 million in BRC-20 trading shortly after releasing that functionality, revealed a partnership with Luminex, shared the world’s first on-chain indexer for BRC-20 tokens, integrated with OKX and Xverse for token swaps, and shared updated branding as the Finance Layer on Bitcoin while also launching their Bitcoin Lab ecosystem fund. Plus:
Bitcoin DeFi is growing and gearing up for sBTC:
Arkadiko highlights future integration of sBTC.
Velar shares plans to integrate sBTC.
Papaya DAO, working on a Critical Bounty from the Stacks Foundation shares how they’re building liquid stacking
Stacking DAO reveals itself to the Stacks community, aiming to deliver liquid stacking
Sustainable Bitcoin Protocol announces Copper custody support
Indexer.xyz launches the Indexer Notification System on Stacks
Trust Machines apps make moves:
Degen Lab, working via Stacks Foundation Critical Bounty, launches Decentralized Stacking Pools on testnet
Bitcoin wallet Xverse announces official Ledger support for $STX
Force Prime releases Web3 gaming payments integration w/Stacks.
Setzeus releases the first beta of Bitscript, a Bitcoin L1 and L2 education course for aspiring Bitcoin developers.
Xverse announced a $5M seed round led by Jump Crypto
Stacks Foundation Grantee DLC Link announced a $2 Million pre-seed
OrdinalsBot announces $1M raise with support from Bitcoin Magazine
ALEX closed a strategic round of $2.5M w/Gossamer and others
👷♀️ Working Groups
Currently, Stacks has (5) Core Engineering Working Groups working on Nakamoto, multi-tiered, massive upgrade including Bitcoin finality and fork awareness.
Stacks Resident Hero Gamer publishes an application form for De-Grant pilot, a decentralized program designed by the community
Stacks Improvement Proposal community starts series on sBTC
Stacks smart contract language Clarity veteran Marvin Janssen highlights the achievements of the Clarity working group.
On the heels of a high-impact round of Critical Bounties awarded in Q3, Q4 Critical Bounties were awarded to continue support for multiple engineers focused on testing & hardening sBTC and improving the UX/UI of the sBTC experience from end-to-end.
📆 Events & Builder Initiatives
September 6: “We are Bitcoin Hiros” event, ft. Stacks, Hiro, Trust Machines, DeSpread, ALEX, Xverse, Spartan
Learn Web 3 hosted the Decentralized Intelligence hackathon Season 1 including challenges for building with the Stacks Bitcoin L2 in an AI-focused challenge.
The Stacks + EasyA Hackathon saw over 2,500+ developers get to know the basics of Clarity, and become prospects for the next generation of Bitcoin builders!
After a record 2,500+ builders completed our @Stacks in-app challenges, we invited 250 of them to launch their projects at our Bitcoin Hackathon in London.
🟧 250+ Hackers
🟧 50+ projects
🟧 $25,000 given away
Sound EPIC? Check out London’s biggest EVER Bitcoin Hackathon! 👇
— EasyA 🔜 Solana Breakpoint (@easya_app)
Oct 26, 2023