Muneeb Ali Explains Blockstack’s Big Bet on Bitcoin
Last week, Blockstack announced a new proposal through which node operators would be rewarded in bitcoin. The concept behind Proof of Transfer is that, for the cryptoasset ecosystem to run, electricity should only have to be converted into digital scarcity once. In this interview Blockstack CEO Muneeb Ali explains how, by tying the security of Blockstack’s blockchain to bitcoin, and allowing miners to be rewarded with BTC, Blockstack is setting a new precedent for how the crypto ecosystem looks to BTC