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Blockstack (STX)

Blockstack is a decentralized computing network that puts users in control of their logins and data.

Blockstack simplifies application development for engineers. We make building decentralized apps as easy as traditional apps.

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Overview

Project industryBlockchain Infrastructure
Product typeEcosystem
FoundedUnited States

Technical details

Blockstack is a decentralized computing network and app ecosystem that puts users in control of their identity and data. We abstract the blockchain complexity so developers can focus on building great apps.

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What is Blockstack

Stacks blockchain:

Designed with security, scalability, and speed in mind. We use tunable proof-of-work to allow developers to strike the right balance between speed and reliability. For app builders, we abstract all blockchain complexity into simple Javascript APIs.

Authentication

Easily include user registration and authentication with Blockstack IDs. Profile security is enforced by the Stacks Blockchain and Blockstack Naming Service (BNS), leaving credentials and identity management in user’s hands.

Data storage

Users assume responsibility of their data — it’s stored in a location of their choice and not on your servers. As a developer, you do not need to pay for database maintenance costs, so you can focus on what you do best: improving the functionality of your app.

Clarity Smart contracts

Clarity is a decidable, interpreted smart contract language that optimizes for predictability and security. It empowers you to be certain of how your code behaves prior to pushing it into production, so developers don’t have to worry about security issues, side effects, or unexpected fees.

Details

Public sales: Jul 11, 2019 - Sep 09, 2019
Token supply: 880,000,000 STX
Total tokens for sale: 180,333,333 STX
Hard cap: 50,000,000 USD
Raised: 52,000,000 USD

Legal

Blockchain Platform: Own (Stacks Blockchain)
Registration country: United States
Registration year: 2013
Office address: 319 Lafayette St. #136 New York, New York 10012

Token info

Ticker: STX
Type: Utility-token
Token standard: No
Token price in USD: 1 STX = 0.3 USD
Accepted currencies: ETH, BTC, USD

Blockstack Roadmap

1
Early History
  • Released initial design of Blockstack, research on scalable blockchains and long-term storage.
  • First Blockstack Summit at NYU
  • Peer reviewed publication on blockchain virtualization tech at DCCL’16.
  • Blockstack architecture published at USENIX Annual Technical Conference 2016.
  • Went through Y Combinator in summer 2014, and raised a seed round.
  • Launched a decentralized identity system, one of the first non-financial blockchain uses.
  • Muneeb Ali and Ryan Shea met at Princeton University and started the project.
  • 2
    2017
  • Raised $47.5M in token offering from 800 accredited investors and institutions.
  • Released the public alpha of the Blockstack Browser.
  • Held the Blockstack Summit in Mountain View.
  • Launched the Signature Fund for decentralized applications.
  • Converted to a Public Beneficiary Corp (PBC) to enable an open, decentralized internet.
  • Released the alpha developer platform, including decentralized login for apps.
  • Muneeb finished his PhD thesis on Blockstack at Princeton University. Published whitepaper.
  • R&D work finished and raised a $4 million Series A funding led by Union Square Ventures.
  • 3
    2018
  • Achieved Milestone 1 of successful launch of Stacks 1.0 blockchain.
  • Launched App Mining pilot with initial apps indexed on App.co.
  • Independent New Internet Labs entity formed in Hong Kong.
  • Held decentralizing the World Tour announced with 31 global meetups.
  • Released the Stacks 1.0 blockchain testnet and Stacks 1.0 wallet.
  • Released the developer Alpha of Blockstack iOS and Android SDKs.
  • Held Blockstack Berlin, with Edward Snowden as the keynote speaker.
  • Released Gaia decentralized storage, with multiplayer support.
  • 4
    2019
  • App Mining 1.0 resulted in growth from 27 apps to 350 apps.
  • International (non-US) exchange listing of STX on Binance and Hashkey Pro.
  • Host 4th Annual Blockstack Summit 2019, the annual flagship event.
  • Partnership with Lambda School to teach Blockstack to student developers.
  • Raised ~$23M in first ever SEC-qualified token offering in US history and Asian strategic funding round.
  • Updated Blockstack whitepaper 2.0 and translated to Korean, Chinese, Japanese, and Spanish.
  • Released prototype virtual machine (VM) for Clarity smart contracting language.
  • Started R&D for Stacks 2.0 and established Stacks Improvement Proposals (SIPs).
  • Released Radiks which provides a database interface and indexing on top of Gaia.
  • 5
    H1 2020
  • Increased decentralization of the Blockstack ecosystem, independent entities.
  • Stacks 2.0 testnet release, and completion of initial testnet phases.
  • Community-driven formation of an independent Stacks Foundation.
  • Wallet SDK for integrations with wallets, exchanges, and custody.
  • New user authenticator with simplified UX.
  • Whitepaper for PoX mining and earning Bitcoin by participating in consensus.
  • Final hardfork of the Stacks 1.0 chain, distribution of STX to 300K new owners.
  • Initial network growth and scaling username registrations (Milestone 2).
  • Increase App Mining 1.0 STX payouts. Proposals for App Mining 2.0.
  • SIP-007 accepted for PoX mining and earning Bitcoin.
  • 6
    H2 2020
  • Stacks 2.0 mainnet will launch upon successful exiting all five testnet phases. (Current estimate for mainnet launch is Q3, subject to change. See details.)
  • Clarity smart contract language live on Stacks 2.0 mainnet.
  • Login SDKs for easy on-boarding.
  • Collections for sharing user data between apps.
  • Android Stacks 2.0 wallet with Ledger integration.
  • Clarity language tooling and developer resources.
  • Community-driven App Mining 2.0 proposals and experimental grants.
  • 7
    2021
  • Ecosystem grants for Blockstack infrastructure and integrations.
  • App Mining 2.0 for app developer incentives.
  • Request for Startups (RFS) for the Blockstack ecosystem.
  • App chains for scaling apps and new crypto assets.
  • Project team

    Gina Abrams
    Gina Abrams
    Growth Partner at Blockstack PBC
    Gina Abrams linkedin
    Muneeb Ali
    Muneeb Ali
    Co-Founder
    Muneeb Ali twitter
    Mary Anthony
    Mary Anthony
    Ryan Arndt
    Ryan Arndt
    Aaron Blankstein
    Aaron Blankstein
    Engineering Partner
    Aaron Blankstein twitter
    Kyran Burraston
    Kyran Burraston
    Mitchell Cuevas
    Mitchell Cuevas
    Xan Ditkoff
    Xan Ditkoff
    Jeff Domke
    Jeff Domke
    Ludovic Galabru
    Ludovic Galabru
    Tom Gerrity
    Tom Gerrity
    Diwaker Gupta
    Diwaker Gupta
    Mark Hendrickson
    Mark Hendrickson
    Jasper Jansz
    Jasper Jansz
    Brittany Laughlin
    Brittany Laughlin
    Thao-Nguyen Le
    Thao-Nguyen Le
    Frederick Lee
    Frederick Lee
    Ken Liao
    Ken Liao
    Engineering Partner
    Ken Liao twitter
    Matthew Little
    Matthew Little
    Amy Liu
    Amy Liu
    Jenny Mith
    Jenny Mith
    Jude Nelson
    Jude Nelson
    Engineering Partner
    Jude Nelson twitter
    Thomas Osmonson
    Thomas Osmonson
    Saurabh Pathak
    Saurabh Pathak
    Reed Rosenbluth
    Reed Rosenbluth
    Jesse Soslow
    Jesse Soslow
    Patrick Stanley
    Patrick Stanley
    Growth Partner
    Patrick Stanley twitter
    Hank Stoever
    Hank Stoever
    Shreyas Thiagaraj
    Shreyas Thiagaraj
    Shannon Voight
    Shannon Voight
    Blockstack Summit
    Shannon Voight twitter
    Tim Wells
    Tim Wells
    Jesse Wiley
    Jesse Wiley

    Advisors

    Albert Wenger
    Albert Wenger
    Managing Partner, USV
    JP Singh
    JP Singh
    Professor, Princeton
    Michael Freedman
    Michael Freedman
    Advisor, Technical
    Michael Freedman twitter
    Dave Morin
    Dave Morin
    Advisor, Product

    Social media

    Blockstack web-siteBlockstack RedditBlockstackYouTubeBlockstack LinkedInBlockstack TwitterBlockstack SlackBlockstack Github

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