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Muneeb Ali: Stacks – Building Decentralized Apps and Smart Contracts on Bitcoin

Episode Summary

Muneeb Ali is the CEO and Co-founder of Hiro Systems, one of the companies creating Stacks. He joined us to chat about why he felt there was a need for Stacks, why he chose to build on top of Bitcoin, and the types of apps that are currently being run on Stacks 2.0.

Episode Notes

Stacks is an open-source network of decentralized apps and smart contracts. It is a Layer-1 blockchain that connects to Bitcoin. Stacks uses a Proof of Transfer mining mechanism with bidding and staking capabilities. Clarity is the programming language used, a Turing-incomplete language which aims to give developers a safe way to build complex smart contracts where the code itself clearly shows what the program will do when run.

Muneeb Ali is the CEO and Co-founder of Hiro Systems, one of the companies creating Stacks. He joined us to chat about why he felt there was a need for Stacks, why he chose to build on top of Bitcoin, and the types of apps that are currently being run on Stacks 2.0.

Topics covered in this episode:

• Muneeb's background and how he got into crypto
• Why Stacks was created
• How this works being built on Bitcoin
• Mining and bidding on blocks
• Smart contracting on Stacks - Clarity programming language
• Stacks vs “Bitcoin on Ethereum”
• Stacks vs Rootstack
• The apps that currently run on Stacks 2.0

Episode links:

• Stacks website
• Stacks whitepaper
• Stacking
• Proof of Transfer
• Hiro
• Stacks on Twitter
• Muneeb on Twitter

Sponsors:

• 1inch: Discover the best rates and most efficient swapping routes across leading DEXes. Optimize on gas cost and execute DeFi trades faster with 1inch V2 - https://epicenter.rocks/1inch

This episode is hosted by Sunny Aggarwal & Friederike Ernst. Show notes and listening options: epicenter.tv/379