Blockstack is a blockchain-based, low-cost Internet platform launched in 2017. Allows users to fully own and manage their information; data applications that use data are running locally in the user's browser. The interactive browser is enough to access everything in Blockstack.

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Blockstack became the first company to obtain approval from the Securities and Exchange Commission (SEC) for the sale of digital tokens known as stacks (STX) in the initial cash offer (ICO) in 2019. raised $ 23 million. At the time, these tokens could not be sold by U.S. investors.
However, with the launch of Blockstack's Stacks Blockchain 2.0 on January 14, 2021, Stacks tokens can be sold by US investors in the U.S. digital asset trading because the Blockstack network will no longer be controlled by any single entity. Therefore its Stacks token can no longer be considered secure under SEC rules.

Understanding About Blockstack.

With Blockstack users are not required to upload data to an external site, such as Facebook or to an app such as WhatsApp. However, they can still share their profile information with friends and other users. This is achieved through the use of applications also called dApps based on blockchain technology. DApp runs locally in the user's browser, and users continue to have their own information text, photos, videos, files, etc.

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Using the enabled security provided by blockchain technology, the Blockstack user gets digital keys to create their identity on the Blockstack network. User data can be stored locally or connected to its storage hosting providers, which allows the user to maintain full control.

Data processing is done on a local client machine, connected to the network but not by servers in the middle of the platform. The network storage system called Gaia, does what Blockstack describes as "user-controlled private data controls.
Users connect their data elements to Blockstack client software, and apps write locks directly. Lock serves as a repository for all data attached to the user account (also called User ID).
Content sharing is achieved through a secure and encrypted environment. The Blockstack network supports tokens, such as bitcoin, and other cryptocurrensets and is available through peer-to-peer (P2P) transfer or billing downloads registrations and more.

What is Blockstack coins?

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Token stacks (STX) are digital currency for a low-cost computer platform. Blockstack is a project that uses blockchain technology to maximize the performance of bitcoin by acting as a second layer protocol. Blockstack can enhance the benefits of bitcoin and other virtual currencies by offering advanced contract capabilities and entire infrastructure designed to use its unique systems.

What Blockstack Doing next?

On January 14, 2021, Blockstack launched its Stacks Blockchain 2.0. This led to the re-appointment of the Blockstack's Stacks token, which can no longer be considered secure under SEC rules. Because of this, Blockstack will not be required to submit general financial reports as a company and its stack token may be sold by US investors in the U.S. digital asset trading. Prior to this, the Stacks (STX) token was only traded on exchanges outside the U.S.
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