First, thanks to everyone for the vigorous discussion and valuable feedback on SIP-007! See the forum post Stacking: a New Consensus Algorithm for Blockchains for more context.
Your comments and questions have been extremely helpful in refining the ideas that we had originally laid out.
After many iterations, we’re excited to announce the publication of “Proof of Transfer Mining with Bitcoin”! In this whitepaper, we formally propose the Proof of Transfer (PoX) mining mechanism as a generalization of Proof-of-Burn (see SIP-001) and outline how PoX might manifest in Stacks 2.0.
We look forward to working with the community to continue improving on PoX. With PoX, we believe we can combine Blockstack with Bitcoin to power a truly user owned internet.
- If you would like to contribute, please join the Blockstack Discord server and reach out to
- Read more Proof of Transfer in the whitepaper https://blockstack.org/pox.pdf
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.
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.