Virtual Meetup: Proof-of-Transfer Overview

As Blockstackers, our mission to grow internet ownership squares well with Nakamoto’s goals of surfacing important developments for a technically literate audience. They’re trying to create a civil place for the crypto community to discuss Bitcoin and everything else.

We at Blockstack agree with the prediction that Bitcoin will become the flag of technology by the end of the 2020's, because it’s a community symbol and an aligning point as reflected in our recent SIP-007. Our stacking proposal leverages Bitcoin because it is the most secure Proof-of-Work blockchain in use. That is, it allows anyone to use a secure PoW cryptocurrency like Bitcoin to participate in consensus algorithms for new blockchains without ever repeating the need to go from electricity to PoW.

During the session, Friedger will discuss proof of transfer and how this is used to run smart contracts backed by the security of the bitcoin network.

If you wanna know more about Blockstack, its various phases of testnet, bounties, and PoX working group updates please join our discord community https://discord.gg/nasBVjG

📚 Learning Resources
🔵https://github.com/blockstack/blockstack-core/blob/develop/sip/sip-007-stacking-consensus.md
🔵https://community.blockstack.org/townhall-pox
🔵https://open.spotify.com/episode/3RdknuBiJAdKEKSFoNxB4E#=
🔵https://blockstack.org/pox.pdf