Blockstack Token

Blockstack is a new internet for decentralized apps

Blockstack Token is a utility token for the Blockstack network. It enables users to access decentralized apps on the Blockstack ecosystem.

The Blockstack Token introduces incentive mechanisms, decentralized governance, and new features like support for truly independent mobile clients. The token will be launched in a new genesis block.

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Reviews

 +5 reviews
  • Pros: 

    I love the goal of a secure decentralised system.

    Cons: 

    Still a bit too "technical" for me.

    Intrigued enough to learn more and participate in this.

    EbrahimKhalil Hassen has used this product for one day.

Discussion

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John Exley@johnexley · Sales, Yieldmo
An important effort from some of the smartest entrepreneurs on the planet — good luck yall, go Blockstack go
Ryan SheaMakerHiring@ryaneshea · Co-founder, Blockstack
@johnexley Thanks John, have always appreciated the support you've given us.
Nick Neuman@nneuman · Product at Casa
Excited to see this on PH! Super interesting project, and the token whitepaper was a good read; I'm working on a post about it that I'd love to run by you guys. One thing that didn't get elaborated on much in the paper but that I've been thinking about - what do you expect users to SPEND Stacks on? I would assume namespaces and possibly storage; anything else? Will Stacks be used in Blockstack ecosystem apps, or will they be usable when interacting with the layer 2 chain only?
Muneeb AliMakerHiring@muneeb · Co-founder, Blockstack. Princeton PhD.
@nneuman Thank you! Good question. You spend stacks on registering IDs (buying domains like muneeb.id for your IDs) and developers spend them on registering apps. That's like having an app store without Apple or Google! The stacks that are used to "pay" for these transactions are destroyed because we can't have some centralized party that takes all the stacks.
Ryan SheaMakerHiring@ryaneshea · Co-founder, Blockstack
@nneuman Domain names, usernames and namespaces! Every Blockchain ID (user identity) needs a username and every application needs a domain name. And you can create new namespaces for very specific use-cases, like software licensing, ID'ing physical devices, etc. Stacks will also be able to be used for payments in applications, but that will not be required.
Marc Bhargava@marcbhargava · Eary Stage Investor at BrainchildCo
Congrats, guys. I know you've been working on this field for 6 years, Muneeb, so really pumped for you and Ryan.
Muneeb AliMakerHiring@muneeb · Co-founder, Blockstack. Princeton PhD.
@marcbhargava Thanks, Marc. Excited to have you and Kal as one of the early backers of the project!
Ryan SheaMakerHiring@ryaneshea · Co-founder, Blockstack
@marcbhargava Thanks Marc! Great to be working with you.
Grant@grantgrantgo · Founder, AudienceMojo.com
crazy ambitious idea. kudo to the makers behind
Niv DrorHiring@nivo0o0 · VC at Shrug Capital
This video from Blockstack Summit with @Naval and @ryaneshea is a must watch for anyone interested in crypto/blockchains, and forms the basis for the AngelList Weekly we did. https://angel.co/newsletters/big...
Ryan SheaMakerHiring@ryaneshea · Co-founder, Blockstack
@naval @nivo0o0 Glad you enjoyed the interview Niv. Would love to hear what you would have liked us to cover.