Muneeb Ali: Stacks – Building Decentralized Apps and Smart Contracts on Bitcoin #379

Stacks is an open-source network of decentralized apps and smart contracts. It is a Layer-1 blockchain that connects to Bitcoin. Stacks uses a Proof of Transfer mining mechanism with bidding and staking capabilities. Clarity is the programming language used, a Turing-incomplete language which aims to give developers a safe way to build complex smart contracts where the code itself clearly shows what the program will do when run.

Muneeb Ali is the CEO and Co-founder of Hiro Systems, one of the companies creating Stacks. He joined us to chat about why he felt there was a need for Stacks, why he chose to build on top of Bitcoin, and the types of apps that are currently being run on Stacks 2.0.

Topics discussed in this episode:
- Muneeb's background and how he got into crypto
- Why Stacks was created
- How this works being built on Bitcoin
- Mining and bidding on blocks
- Smart contracting on Stacks - Clarity programming language
- Stacks vs “Bitcoin on Ethereum”
- Stacks vs Rootstack
- The apps that currently run on Stacks 2.0

Links mentioned in this episode:

Sponsors:

[patriciascott]

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[tensevo]

If you burn more Bitcoin your probability of winning goes up?
What? I have no clue what is going on here.