Final Stacks 1.0 Hardfork Successful, Preview Stacks 2.0

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Blockstack’s annual hard fork was successfully completed last week. We anticipate this latest hard fork to be the last one initiated by Blockstack PBC itself , marking an important step on our path to decentralization.

Since publishing our plan for decentralization in 2018, Blockstack PBC has been steadily working to build “a healthy ecosystem where no single party has too much control of the network.”

Following last week’s hard fork, PBC core engineers will continue research and development on Stacks 2.0, but we expect that all protocol changes will be triggered by nodes on the network.

We’re excited about this development and, in light of the launch of the Stacks 2.0 blockchain, look forward to seeing more input from community members regarding Clarity, Stacking, and Proof of Transfer.

Learn more: https://blog.blockstack.org/final-stacks-1-0-hardfork-successful-preview-stacks-2-0/

Important disclaimer

The Securities and Exchange Commission (SEC) has qualified the offering statement that we have filed with the SEC under Regulation A for our offering of certain of our Stacks Tokens. The information in that offering statement is more complete than the information we are providing now, and could differ in important ways. You must read the documents filed with the SEC before investing. The offering is being made only by means of its offering statement. This document shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

An indication of interest involves no obligation or commitment of any kind. Any person interested in investing in any offering of Stacks Tokens should review our disclosures and the publicly filed offering statement and the final offering circular that is part of that offering statement here . Blockstack is not registered, licensed or supervised as a broker dealer or investment adviser by the SEC, the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services.

Forward-looking statements

This communication contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, statements about our plans for developing the platform and future utility for the Stacks Token, our Clarity smart contracting language, and potential mining operations. These statements involve risks, uncertainties, assumptions and other factors that may cause actual results or performance to be materially different. More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in our filings with the SEC, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of our offering statement on Form 1-A. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.

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