Can Stacks Scale Bitcoin?

Muneeb Ali is the Co-Creator of Stacks.

In this episode, we discuss whether Stacks can scale Bitcoin. Stacks can be thought of as a Bitcoin layer for smart contracts to build decentralized applications.

Muneeb guides us through everything you need to know as a new DeFi user on Stacks, including the hot debate over whether Stacks is an L2 or not, how to earn BTC by stacking STX, and the massive Nakamoto upgrade which will enable trustless bridging of native BTC from the Bitcoin network directly to Stacks L2.

🙏 Thanks for your patience with Muneeb's audio. He had unfortunate challenges with his airpods recording and despite countless hours trying to improve it, we decided it was better to still publish the podcast.

🎙️ If you prefer a podcast player, subscribe and listen to The Edge Podcast here: podcasters.spotify.com/pod/sh…

THIS IS NOT A RECOMMENDATION OR ENDORSEMENT TO BUY ANY TOKEN(S) RELATED TO ANY PLATFORM(S) DISCUSSED.

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Topics Covered

00:00 - Intro
05:15 - Muneeb's background
11:18 - The opportunity for a Bitcoin L2
16:30 - The growth of Bitcoin network fees in 2023
24:10 - Thoughts on Ordinals
30:01 - Is Stacks an L2?
36:10 - Pros vs cons for DeFi on Stacks
41:33 - What's popular among users on Stacks?
46:00 - Utility of STX
47:30 - Reflections on crypto regulation
50:46 - Wallets and dApps to check out
52:27 - Closing

Guest Links

Muneeb Ali on Twitter
twitter.com/muneeb

Learn about Stacks
stacks.co

Follow Stacks on Twitter
twitter.com/stacks

🙏 The Edge Podcast is produced by 4RC Labs. If you're a DeFi/Web3 builder, contact our team at: fourthrevolution.capital/

All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research.

Say hello to LensDotNet!

Ever since I learned about @lensprotocol and its functionality, I've been eager to support the community in its development. However, I wasn't quite sure how to contribute.

To me, the idea of having a decentralized social network protocol makes complete sense.

About a year ago, I began exploring the possibilities of building on lens and what it could be used for. One particular idea that captured my attention was gaming, which is a passion of mine. This led to an inspiring thought:

One of the simplest ways to start game development is by using the Unity engine, especially considering its free availability for individual or small-scale developers.

Unity games utilize the C# programming language for internal scripting, following the .NET Standard implementation.

Given my experience with the .NET framework, it was a logical step for me to combine all the elements together:

**Lens + .NET = Lens on Unity (and MUCH MORE!)

After approximately a year of experimenting, building, breaking things, and exploring libraries, all while working full-time, I embarked on the creation of LensDotNet.

LensDotNet Logo

*github.com/juanumusic/LensDotNet*

LensDotNet is a cross-platform Lens software development kit (SDK) designed for the .NET framework. It supports .NET Standard 2.1, .NET 6.0, and .NET 7.0.

By utilizing the .NET framework, the implementation of LensDotNet can be extended to various platforms, offering a wide range of possibilities.

The project includes examples demonstrating how to use the library in different scenarios:

Console application

Mobile apps (Android, iOS, Mac Desktop, Windows Desktop) using MAUI

Unity

Under the hood, LensDotNet leverages the incredible ZeroQL.

LensDotNet strives to follow a similar architecture to the JavaScript implementation lens-sdk, whenever possible.

Although the roadmap is extensive, and I am enthusiastic about developing this project, it is not currently my main focus. Instead, I hope that the community will begin using LensDotNet and actively contribute to its growth.

A word of advice:

Use the library with caution. This is not ready for production. It might contain unknown bugs.

If you appreciate the work I have put into this project over the past few months and would like to continue supporting me, please consider collecting this post!

Share this with your Dev Friends!

Superfluid is a groundbreaking protocol that enables instant and constant streaming of cryptocurrency payments. Built on the Ethereum blockchain, Superfluid is designed to revolutionize the way we transact and interact with digital assets.

Traditional payment systems often rely on discrete transactions, where funds are sent and received in fixed amounts. Superfluid takes a different approach by introducing the concept of "flow tokens."

These flow tokens represent a continuous stream of value, allowing for real-time and uninterrupted payments between parties.

With Superfluid, users can set up streaming agreements that define the rate at which funds flow between accounts. This creates a seamless and frictionless experience for payments, subscriptions, royalties, and more. Unlike traditional subscription models, where payments are made periodically, Superfluid enables a continuous flow of funds, ensuring instant and uninterrupted value transfer.

The protocol's capabilities extend beyond simple payment streams. Superfluid enables complex financial interactions, such as splitting revenue streams among multiple participants, dynamic pricing models, and on-demand token minting. This flexibility opens up a wide range of possibilities for innovative business models and decentralized applications.

Superfluid is built on Ethereum's Layer 2 solutions, such as the Optimism and Arbitrum networks, to provide scalability and cost efficiency. By leveraging Layer 2 technologies, Superfluid minimizes transaction costs and enhances the overall user experience, making it viable for various use cases.

Moreover, Superfluid is designed to be developer-friendly, offering a comprehensive set of tools, libraries, and APIs. This empowers developers to integrate the Superfluid protocol into their applications and create new and innovative financial products and services.

The protocol also incorporates strong security measures and undergoes rigorous audits to ensure the safety of users' funds and transactions. Superfluid aims to provide a robust and trustworthy infrastructure for continuous value streaming.

In summary, Superfluid is a groundbreaking protocol that introduces continuous streaming of cryptocurrency payments on the Ethereum blockchain. By enabling real-time and uninterrupted value transfer, Superfluid opens up new possibilities for seamless payments, subscriptions, and dynamic financial interactions. With its developer-friendly approach and focus on scalability and security, Superfluid is poised to shape the future of decentralized finance and drive innovation in the crypto ecosystem.
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