Stacks is an asset of a blockchain network designed for the Web 3 network and decentralized assets. The features and advantages of the project are ease of development, the use of a decentralized Gaia data storage network, a configurable not only Proof-of-Work mechanism, but also the reuse of hash power.

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Given the latest market developments and our commitment to transparency, we’re providing an update on the status of the Stacks Foundation and indexing related responses from other organizations operating within the Stacks Ecosystem.

Stacks and the Stacks Ecosystem Post-FTX

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ICYMI: Stacks and the Stacks Ecosystem Post-FTX
(Published by the Stacks Foundation team)
We’re disappointed and frustrated by the latest events related to FTX and Alameda, but have not been directly impacted by the fallout or resulting liquidity issues. We hope that through collaboration, we can build a more trustworthy Web3 together.

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ICYMI: Stacks and the Stacks Ecosystem Post-FTX. (Published by the Stacks Foundation team).

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