Crypto News: Money Doubles In Seven Days; Neither bitcoin nor ethereum, this crypto filled the bag

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Note: Bitcoin climbed less than half a percent in a week and Ethereum has broken almost one percent. Stacks have gained about 132 percent in a week. Its price is $ 0.7532.

Crypto News: When it comes to the crypto market, the first mention comes of Bitcoin and then Ethereum. These two are the top two cryptocurrencies by market cap. However, if seen in terms of returns in a week, they are far behind. There is a cryptocurrency that has doubled investors’ money in just seven days. One such cryptocurrency is Stacks, which has doubled investors’ money in just seven days. On the other hand, bitcoin rose less than half a percent in a week and Ethereum has lost almost one percent. Stacks have gained about 132 percent in a week. Its price is $ 0.7532.

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What are Stacks and how does it work

Stack is a layer-1 blockchain designed to bring smart contracts and decentralized applications (DApps) to bitcoin. Smart contracts are a type of computer program stored on the blockchain that runs when predetermined conditions are met. On the other hand, DApps are digital apps that work on a blockchain network of computers instead of just one computer, that is, it is not controlled by any one authority.

Since Stack uses bitcoin as the base layer, everything that happens on the network is settled on the most widely used and most secure blockchain – bitcoin. The platform runs on the Stacks token (STX), which means that this coin will be needed to register new digital assets on the Stacks 2.0 blockchain, process transactions, and execute smart contracts.

What is special about stacks

What is special about Stack is that it was the first crypto to be qualified for sale in the US by the US market regulator SEC and then received approval to launch a Regulation A+ Sale Cash Offering of $28 million STX tokens in July 2019. Regulation A+ offerings are not considered restricted securities.

Disclaimer: This article is for information only. Investing in cryptocurrencies is risky. In such a situation, before taking any decision related to investment, definitely contact your advisor.