The ‘Stacks Blockchain’ is a decentralized network designed to bring smart contracts and decentralized applications (dApps) to Bitcoin. It achieves this by leveraging Bitcoin’s security and settlement layer while providing its own execution environment. This architecture allows developers to build applications that can interact with Bitcoin assets and data.
Context
News related to the ‘Stacks Blockchain’ often centers on its development progress, ecosystem growth, and partnerships that expand its capabilities. Discussions frequently involve the implementation of new features, the launch of dApps, or its role in enabling Bitcoin-native DeFi and NFTs. The ongoing advancements on the Stacks network are closely watched as indicators of Bitcoin’s potential for broader utility beyond its role as a store of value.
A critical vulnerability in the ALEX Protocol's vault system, stemming from failed access controls, allowed an attacker to bypass security mechanisms and drain significant funds.
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