Bitcoin, Blockchain & Cryptocurrency News

Blockstack Apps Doubled In Q3 2018 According to Q1 2019 Report

On February 2, 2019, Blockstack, the inventor of the Blockstack Browser, which allows users to keep their data safe, released it’s Q4 2018 ecosystem update. Blockstack has more than doubled its apps according to the report in the last quarter of 2018 and similar growth is anticipated in Q1 2019 as well.

Stacks Blockchain Launch

One of the major achievements of Blockstack for 2018 was the development, preparation, and launch of its’ custom blockchain called Stacks. Not only that, but CEO Muneeb Ali also announced that the project even reached its’ first milestone – to unlock $25 million through the platform. The company has already released two Stacks Improvement Proposals (SIPs), which are available on GitHub. This innovative blockchain intends to fully replace Bitcoin as the primary token available to users.

In addition to the completed Stacks Blockchain, Blockstack released additional services related to the system, including the newly-launched Stacks website. The company also launched the Blockstack Explorer, which provides customers with the ability to search for different blocks, addresses, and transactions.

Developing a Decentralized Network

Throughout 2018, Blockstack focused on developing a decentralized network and improving on aging Internet technologies. According to one of their white papers, the company wrote that “the internet was designed more than 40 years ago and is showing signs of age.” Blockstack aims to achieve an innovative type of internet, which is based on blockchain technology and is thus immune to DDoS and DSN attacks.

Blockstack itself is a network that claims to be completely decentralized, contrary to the way the Internet is organized. All of its creators’ efforts go towards the creation of an environment where users are able to “own their application data directly.”

New Contributors

Blockstack also improved its’ team of contributors during 2018. Several additions to the Blockstack creators and Board of Directors teams were welcomed. Saurabh Pathak was appointed as the full-time BlackRock CFO Canada and as the Controller for BlackRock activities in America. Prof. JP Singh, who is a Princeton employee, was given a seat on the Blockstack Board of Directors.

In addition, Matthew Little has been contracted to architect the Meadow Tool Suit, which helps with testing and developing the Ethereum smart contract.

Stacks Wallet Release

In addition to the Stacks Blockchain launch, Blockstack also released the Stacks Wallet. The application is available on both Windows and MacOS, and gives Stack holders the ability to share and receive tokens via the trusted wallet of the creators of the currency itself. With the creation of this wallet, Blockstack provides its’ customers with a complete set of services, which boosts its competitiveness.

App Growth

Thanks to the newly developed App Mining Pilot, which fuels the development of decentralized apps (dApps), Blocksack recorded more than 100 percent growth in terms of app development over the quarter. In September 2018 there were 17 new mining apps registered, and on December, 33. At the beginning of the new year, on January 1, 2019, Blockstack saw the number of mining apps rise to 46.

Published by
Priyeshu Garg

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