Stacks Layer Unlocks $500B in Bitcoin Capital with Smart Contracts

The Stacks layer is an innovative solution that unlocks $500 billion in Bitcoin capital. It enables smart contracts and decentralized applications to use Bitcoin as an asset, settling transactions on the Bitcoin blockchain.

Bitcoin's largest and most durable decentralized asset provides the foundation for the Stacks layer. This allows developers to build user-owned internet applications on top of it.

The Stacks project began in 2017 with Muneeb Ali's PhD thesis, which laid out the foundations for the Stacks layer for Bitcoin. He raised $50 million in funding and released the original whitepaper that year.