Will Stacks Be a Multibillion-Dollar Cryptocurrency by 2024?
Long regarded as a rigid and limited blockchain, Bitcoin (CRYPTO: BTC) is undergoing a remarkable resurgence as it transcends the conventional perception as a mere store of value. This resurgence can be largely attributed to the rising prominence of Ordinals, commonly known as Bitcoin non-fungible tokens (NFTs), which have unleashed a wave of innovative possibilities on the Bitcoin network.
Although Bitcoin will likely benefit from expanding utility, there is another blockchain positioned to seize the momentum surrounding the renewed interest in the original cryptocurrency.
Stacks (CRYPTO: STX), a Layer-2 solution for Bitcoin, addresses the well-known limitations in smart contract functionality and scalability that have driven NFTs and decentralized finance (DeFi) applications to alternative blockchains.
Source Fool.com
