{"id":172007,"date":"2024-09-20T17:20:23","date_gmt":"2024-09-20T17:20:23","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172007"},"modified":"2024-09-20T17:20:25","modified_gmt":"2024-09-20T17:20:25","slug":"stacks-will-launch-sbtc-on-solana-blockchain","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/stacks-will-launch-sbtc-on-solana-blockchain\/","title":{"rendered":"Stacks Will Launch sBTC on Solana Blockchain"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul style=\"text-align: justify\">\n<li>Muneeb, founder of Stacks, <strong>announced the arrival of sBTC<\/strong>, a synthetic Bitcoin, on the <strong>Solana<\/strong> blockchain.<\/li>\n<li>The integration of sBTC will combine the <strong>security<\/strong> of Bitcoin with the <strong>speed<\/strong> and efficiency of SOL.<\/li>\n<li>sBTC will allow <strong>faster Bitcoin transactions<\/strong> in decentralized applications, which could attract more users and developers to SOL.<br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\">During the Solana Breakpoint conference, Muneeb, <strong>founder of <a href=\"https:\/\/crypto-economy.com\/stacks\/\" target=\"_blank\" rel=\"noopener\">Stacks<\/a><\/strong>, <strong>announced that sBTC<\/strong>, a synthetic version of Bitcoin, will be implemented on the <strong>Solana blockchain<\/strong>.<!--more--><\/p>\n<p style=\"text-align: justify\">This promises to unite two major forces in the crypto industry: Bitcoin, known for its <strong>security and solidity<\/strong>, and Solana, recognized for <strong>its speed and low operational costs<\/strong>. The arrival of sBTC on this platform opens new possibilities for users and developers interested in <strong>leveraging the capabilities of both networks<\/strong>.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Stacks Co-Founder <a href=\"https:\/\/twitter.com\/muneeb?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@muneeb<\/a> shared interesting alpha today on stage at <a href=\"https:\/\/twitter.com\/SolanaConf?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@SolanaConf<\/a> \ud83e\udde1<\/p>\n<p>STX \/ sBTC \ud83d\udfe7 <a href=\"https:\/\/twitter.com\/solana?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@solana<\/a> <a href=\"https:\/\/t.co\/dzOaDNLsGV\" target=\"_blank\">pic.twitter.com\/dzOaDNLsGV<\/a><\/p>\n<p>&mdash; stacks.btc (@Stacks) <a href=\"https:\/\/twitter.com\/Stacks\/status\/1837125070453403845?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">September 20, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">sBTC is an adaptation of Bitcoin designed to <strong>operate on different<\/strong> blockchains. Although it is not traditional Bitcoin, it retains the same value and enables <strong>faster and more efficient transactions<\/strong>, <strong>especially on networks like <a href=\"https:\/\/crypto-economy.com\/solana\/\" target=\"_blank\" rel=\"noopener\">Solana<\/a><\/strong>, known for its ability to process thousands of transactions per second.<\/p>\n<p style=\"text-align: justify\">The implementation of sBTC will allow users to <strong>use their <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" target=\"_blank\" rel=\"noopener\">BTC<\/a> in decentralized applications (dApps) and trading platforms<\/strong> with greater speed and efficiency. This could <strong>address some of the limitations<\/strong> associated with Bitcoin&#8217;s original network, which is known for being secure but relatively slow compared to more modern blockchains.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-172008\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/09\/solana-sol-2.jpg\" alt=\"solana post\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/09\/solana-sol-2.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/09\/solana-sol-2-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/09\/solana-sol-2-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<h2>What Advantages Will sBTC and Solana Provide?<\/h2>\n<p style=\"text-align: justify\">The announcement has generated great expectations among developers, who see this integration as an opportunity to <strong>create new applications and services<\/strong> that can benefit from both Bitcoin\u2019s security and Solana\u2019s agility.<\/p>\n<p style=\"text-align: justify\">Users, in turn, will have the possibility to <strong>make faster and more cost-effective transactions with Bitcoin<\/strong>, which could increase SOL&#8217;s attractiveness as a platform for both developers and users.<\/p>\n<p style=\"text-align: justify\">The incorporation of sBTC into the Solana blockchain could be a turning point in the crypto ecosystem. As this implementation progresses, it is expected to <strong>drive the creation of new innovative projects<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Muneeb, founder of Stacks, announced the arrival of sBTC, a synthetic Bitcoin, on the Solana blockchain. The integration of sBTC will combine the security of Bitcoin with the speed and efficiency of SOL. sBTC will allow faster Bitcoin transactions in decentralized applications, which could attract more users and developers to SOL. During the Solana &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Stacks Will Launch sBTC on Solana Blockchain\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/stacks-will-launch-sbtc-on-solana-blockchain\/#more-172007\" aria-label=\"More on Stacks Will Launch sBTC on Solana Blockchain\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":172009,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100,70,74],"tags":[4602,4620,4656,5348,9919],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172007"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=172007"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172007\/revisions"}],"predecessor-version":[{"id":172011,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172007\/revisions\/172011"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/172009"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=172007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=172007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=172007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}