Core Ignition Drop Claiming Guide

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 The Core Ignition Drop, which started the rewards claim on June 10, 2024, allows Coretoshis (Core Community) to unlock incentives for their contributions and engagement in the Core Blockchain. The Incentives claimed by the participating community are based on their activities up from the day they join the program until the snapshot is taken. In this article, I will discuss how to participate in the Core Ignition Drop, its benefits, and more. What is Core Ignition? Core ignition is an incentive program developed by the Core Foundation to jumpstart the growth of the DeFi ecosystem on Core Blockchain, the program started on March 11th, 2024, and will continue for six months, providing ample time for users to participate and reap the benefits, rewarding the community for their contributions to the network. By participating, users can earn rewards while simultaneously helping to fuel the growth and adoption of the Core ecosystem. The Core Ignition Program is for both ecosystem users and We
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What is Stacks Cryptocurrency? With a Proof of Transfer Algorithm

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 Stocks 2.0 blockchain is another promising technology innovation, a layer-1 blockchain that uses the Bitcoin blockchain as a secure base-layer. Stacks brings apps and smart contracts to Bitcoin unlocking innovation, new value, and a new way to earn BTC.

Why Bitcoin? According to GitHub, Bitcoin is the most durable and secure blockchain. Bitcoin is minimal by design and is meant to not change.

Stacks extends the design of Bitcoin to enable smart contracts and apps without modifying Bitcoin and with minimal transaction load on bitcoin.

Stacks Cryptocurrency (STX) is used as fuel for smart contract execution, transaction processing, and digital asset registrations.

It's the first-ever token to be qualified by SEC in U.S history

STX holder to actively participate in consensus and earn Bitcoin (BTC) rewards from the protocol.

STX holders can either lock STX in consensus to earn BTC rewards or use STX as fuel for smart contracts and transportations.

Proof of Transfer (PoX)

Proof of Transfer consensus is a new algorithm that spans consensus between two blockchains. Ledger election happens on a base chain and new blocks are written on a connected chain.
PoX has the unique property that it establishes a native exchange pair between two cryptocurrencies. Miners use a base cryptocurrency to mine newly minted units of a new cryptocurrency.

Stacks ecosystem

The stack ecosystem is approaching an incredible milestone- a mainnet is expected to be launch on January 14, 2021.
Stack 2.0 ecosystem promises to bring secure apps and smart contracts to Bitcoin unlocking a new wave of innovation upon the world's most robust blockchain.
Visit blockstacks white paper for more details


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