Bitcoin is the perfect settlement layer to build apps on top of

Bitcoin for HIRO, CEO

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Categories: Cryptocurrency

Bitcoin is theperfect settlement layer to build apps on top of

While theBitcoin network isn’t programmable, it serves as an excellent settlement layerto build robust applications on top of, says Hiro CEO Alex Miller.

Hiroprovides Bitcoin development tools for developers to build on the Stacksblockchain. Miller said Stacks inherits the Bitcoin network’ssecurity through a consensus mechanism called proof-of-transfer (although thisis a controversial statement for some).

The valueproposition behind building programs on top of Bitcoin is that it’s a “reallywell settled, well accepted, very trustworthy settlement layer.”Thatenables developers to “do more innovation more quickly” on a layer twowhich “has far, far more robust capabilities.”

Miller saidthe Stacks developer ecosystem has grown rapidly since the platform's launch inJan. 2021, “we've got hundreds of developers who are working in theecosystem, and thousands of smart contracts and applications that have beendeployed on it.”

Within thefirst year of launch, the Stacks blockchain achieved more than 350 millionmonthly API requests, 40,000 Hiro wallet downloads, and deployed 2,500 Claritysmart contracts, with those figures increasing further in 2022.

Miller alsosaid that we’ll live in a “multi-chain future” without any particularsmart contract platform ruling at all. “Ethereum is going to be around for atleast a while, but there’s a lot of other smart contract platforms out therethat haven’t stood the test of time yet,” he said.

As for wherethe crypto market is headed, Miller said that crypto volatility will declinewhen crypto applications become more “accepted, integrated, and used in oursociety,”.

Bitcoin ,Hiro CEO Alex Miller, multi-chain future, Bitcoin Development, Bitcoin network, Stacks blockchain, smart contract, crypto market, Stacks developer

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