Meltem Demirors, the Chief Strategy Officer (CSO) of the digital asset investment advisory group CoinShares, is joining as the latest board member of Stacks Foundation. Formerly known as Blockstack, the non-profit organization promotes the development of the Stacks blockchain network. Meltem Demirors Joining Stacks Foundation as a Board Member Meltem Demirors joins board members Zavain Dar and Rodolfo Gonzalez where she will implement cutting-edge strategies that are developer-friendly. To put it simply, developers can build smart contracts, dApps, and NFT tokens within Bitcoin’s ecosystem via the Stacks blockchain. In an interview with a publication, she stressed over the impact Stacks can put into innovating the Bitcoin network: “There’s a lot of work to be done on the narrative around Bitcoin. I think this narrative of, ‘Oh, Bitcoin is never changing and not innovative but it’s stable, and Ethereum is really innovative or other protocols are really innovative, we need to kill that narrative. And Stacks is going to help us do that.” Demirors has a roadmap for a 20-year term, that would involve strategies such as diversifying out of Stacks, including earning yields on the Stacks network. She further includes that the non-profit organization would not necessarily play the role of a venture fund or business. She hopes for community feedback based on a community board seat. Demirors previously was part of the founding team of Digital Currency Group. She also has experience in teaching at MIT and Oxford, and has served on the WEF Blockchain Council. She is also the founder of her personal crypto fund Athena Capital. Stacks Gives Direct Competition to Ethereum The Stacks Foundation is a non-profit organization that was set up in February 2020, to help in the development of governance of the Stacks blockchain network. It was officially launched three months later. Registered as a non-profit in Delaware, the Stacks Foundation dramatically reduced the need for the reliance on private companies that were previously handling the development of the network. Stacks gives a direct competition to Ethereum, being backed by the Bitcoin blockchain. The decentralized network is involved in building blockchain-based applications.
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