Blockstack STX White Paper

0
453

Hello and welcome to this blog post about Blockstack STX White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.

There is a lot to learn about this futuristic tech, lets get started to dive into the Blockstack STX white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

The aim of this blog post is to help you quickly understand about the philosophy behind the Blockstack (STX).

I can ensue you that, you will be able to understand every bits and pieces related to Blockstack (STX) after going through the Blockstack STX white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

Blockstack STX White Paper

Blockstack STX white paper will be going to provide you, all the information that is needed to get started with Blockstack (STX), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Blockstack (STX).

Abstract

“In this paper, we present the Blockstack decentralized computing network. Blockstack provides a full-stack alternative to traditional cloud computing for building secure, private applications. Compared to traditional internet applications, a key differentiator of decentralized applications as enabled by Blockstack is that most business logic and data processing runs on the client, instead of on centralized servers hosted by application providers.

In many ways, a transition to decentralized computing is similar to a transition from mainframes to desktop computing in the 1980s. Blockstack follows the end-to-end design principle to keep the core of the network as simple as possible while pushing complexity to the edges, i.e., user devices and user-controlled storage. At the foundation of our network is the Stacks blockchain, which is designed to

(a) scale decentralized applications, and

(b) incentivize developers to build high-quality applications on the network.

The Stacks blockchain uses a novel Tunable Proofs election system to securely bootstrap a new blockchain. Our new smart contracting language, Clarity, enables powerful on-chain expressibility while optimizing for security and predictability of smart contracts and admitting static analysis for all transactions.

A key component of our architecture is a highly scalable and performant decentralized storage system, called Gaia, that enables user-controlled private data lockers.

Users connect their private data lockers to their Blockstack client software, and applications write user data to the data locker directly. A universal ID and authentication system, called Blockstack Auth, removes both the need to sign up separately for each application as well as the need for password-based logins, which are known to be less secure than cryptographic authentication.

Our SDKs and developer tools make developing a Blockstack application no more complicated than developing traditional internet applications, and developers using Blockstack don’t need to worry about running servers or databases.

Blockstack has been operating in production with over 100 independent applications built on it as of early 2019. The architecture of Blockstack has evolved after years of production experience and feedback from application developers.

This paper, which describes the result of that architectural evolution, is a major revision of our earlier 2017 whitepaper.”

White Paper Link: Blockstack STX White Paper

That’s all for this blog post.

It will be great if you can help me to spread the word about this Blockstack STX white paper by sharing this post.

If you have any questions related to the Blockstack (STX) or need some further information or have some specific queries, feel free to ask your questions in Comment Section.

I monitor this section very closely and answer all your questions as fast as possible.

Also keep visiting us, as we keep on adding new content very frequently. You can also follow us on social media to get frequent updates.

Leave a Reply