The creators of Blockstack have announced their startup as “the new Internet with decentralized applications. Users receive digital keys for secure authorization and use of encrypted storage and P2P transactions. Bitcoin, as well as other popular cryptocurrencies, are used as payment.
Blockstack is a provider of a decentralized computing network and application ecosystem that allows the user to focus on their identity and data, thanks to more than 270 applications that are already up and running. Applications that run on the Blockstack network cannot modify or transfer users’ data without their permission. In line with its mission to enter the next stage of the Internet, Blockstack offers a platform to connect developers who want to build a better, decentralized Internet and users who want to control their data and privacy.
Blockstack’s current network and blockchain are hosted on the Bitcoin blockchain, but their next update, which is in development, will begin functioning in 2020 as a separate, independent blockchain. The Stacks token (STX), which we distribute to Gold validated users by February 2020, will become a native asset of the new, updated network.