TechFlow news, the blockchain project Stack, based on the "Proof of Transfer" consensus mechanism, has released a new whitepaper announcing the launch of a new digital asset called "Stacks Bitcoin (sBTC)" pegged 1:1 to Bitcoin, aiming to bring smart contracts to Bitcoin.
According to the whitepaper, Stacks will act as a Bitcoin sidechain, supported by sBTC and STX (Stacks' native token). The sBTC pegging system will handle the minting, sending, retrieval, and burning of sBTC, ultimately unlocking the multi-billion-dollar "Bitcoin DeFi market." Source link




