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Bitcoin-Integrated Altcoin Spikes After Earning Surprise Support From Coinbase
One altcoin that seeks to leverage the power of Bitcoin (BTC) is enjoying bullish price action after getting sudden support from Coinbase, the top crypto exchange in the US.
I roto i te panui hou, Coinbase ta hokohoko mo Ngā Tāpae (STX) will begin on Wednesday, January 19th if liquidity conditions are met.
Stacks is an open-source blockchain linked to Bitcoin by its consensus mechanism which spans the two chains, called Proof of Transfer. Through this architecture, Stacks aims to leverage Bitcoin’s security and enable decentralized applications (dApps) to use Bitcoin’s state, despite being a different blockchain.
According to the Stacks paetukutuku, the project aims to bring a series of novel use cases to Bitcoin traditionally reserved for other blockchains.
“The world is converging on Bitcoin as a standard, and demand for use cases around Bitcoin is increasing. There is hundreds of billions of capital locked into Bitcoin, most of it as a passive store of value. Instead of competing with Bitcoin, Stacks can provide novel use cases for holders of bitcoin, Pērā i bitcoin-backed loans, bitcoin DeFi or using your bitcoin to trade NFTs.”
I muri i te panui o te rarangi Coinbase, ka peke a STX tata ki te 15% mai i te $ 2.19 ki te $ 2.53. Ko te STX kei roto i te huihuinga i mua i te ra, i tetahi waahi hokohoko i raro i te $2.00. Whai muri i te rekoata i te 26% whiwhinga i roto i nga haora, kua whakamatao a STX a kei te huri i nga ringaringa mo te $2.23 i te wa e tuhi ana.
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Ko te pou Bitcoin-Integrated Altcoin Spikes After Earning Surprise Support From Coinbase i puta tuatahi Te Hodl Daily.
Kuputuhi taketake: Te Hodl Daily