Grayscale Research Report: Stack， Stacks, a leading Bitcoin extension solution, is an extension solution that brings smart contracts and other functions to Bitcoin. In 2023, Ordinals will drive Bitcoin's development into a new stage. Although it has transaction speed and programming limitations, developers are using layer 2 networks to expand its applications. Stacks, as a leading layer 2 network, introduces smart contracts and dApps and benefits from the advantages of Bitcoin. Its native token STX has multiple uses, and the network ensures security through a "transfer proof" mechanism. It is about to receive an upgrade to "Satoshi Nakamoto" to improve performance and introduce new assets. Stacks are mainly used for dApps and were initially dominated by DeFi. The changes in the Bitcoin ecosystem have brought attention to them, and STX may benefit. However, Stacks face risks such as competition, economic valuation, and network resilience, such as competing with multiple blockchains, low fee income, and flawed new technologies. read the whole passage: https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=47&id=36637