New York-based decentralized computing network Blockstack which announced its proof of transfer mining algorithm earlier this year has announced that it has now launched Krypton – the third phase of the Stacks 2.0 testnet.
Its next milestone will focus on testing Stacks 1.0-2.0 upgrades with integration and testing with the Bitcoin (BTC) testnet.
Krypton is an important development in Blockstack’s novel mining consensus mechanism Proof-of-Transfer (PoX). This uses Bitcoin to secure an independent blockchain network, called Stacks 2.0.
PoX makes it also possible to reward Stacks token holders with bitcoin BTC, a feature called Stacking. With Stacking, Stacks (STX) token holders lock up STX tokens for a certain amount of time. Doing this helps to secure the network by acting as validators on the network, incentivizing honest behavior on the part of miners.
Developers and miners will be able to interact with the full Proof-of-Transfer mechanism, and users will soon
Industry leaders unite to expand technology, marketing, and community development
Blockstack PBC and Chainlink are joining forces to integrate the Blockstack and Algorand-supported Clarity smart contract language with Chainlink’s industry-leading oracle technology. By leveraging Chainlink as the preferred oracle solution, Blockstack developers will soon be able to build sophisticated Clarity smart contracts that are enhanced with secure, validated data spanning millions of data providers, web APIs, and other off-chain resources from Chainlink.
Clarity was designed from the ground-up to be more secure, predictable, and reliable than other languages. When combined with Chainlink’s technology, Clarity will unlock a host of new use cases and user experiences. The initial integration will revolve around integrating Chainlink’s widely used Price Feeds, but will evolve into a generalized oracle solution for the platform. Both teams aim to make Chainlink’s capabilities available to Blockstack users and developers in the near future, in addition to the entirety