Stacks published a white paper introducing sBTC, which can make BTC fully programmable.
sBTC is pegged 1:1 with BTC.
This side chain could introduce smart contracts on the Bitcoin network.
Bitcoin, the world’s most popular cryptocurrency, is yet to prove itself as a revolutionary application that could boost its use case. Due to its rudimentary programming, it isn’t easy to induce smart contracts directly. However, a project called Stacks published a white paper showing that their new digital asset, Stacks Bitcoin(sBTC), could be used to make BTC programmable.
A simpler scripting language limits Bitcoin developers from creating new and revolutionary things on the platform. Stacks, an existing smart contract platform, wish to break this barrier by introducing a new digital asset derived from bitcoin called sBTC, which is pegged 1:1 with Bitcoin. This could be used to develop smart contracts on Stacks and easily converted back to BTC.
The white paper states that,
“Bitco
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