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Blockstack Joins the Flipside Data Cooperative to Bring Full Transparency to its Ecosystem

flipsidecrypto Jul 22, 2020

Blockstack is the latest in a series of blockchain projects to join the Flipside Data Cooperative – a transparency initiative for partner networks to showcase their on-chain activity publicly. 

“At Blockstack, we share Flipside’s ongoing commitment to transparency. Building a user-owned internet means not only working in the open as much as possible, but also ensuring important information is readily accessible and easy to understand. Blockstack code has always been open-source and freely available, our whitepapers peer-reviewed by experts, and our financials shared openly as part of our commitment to rigorous annual reporting that started when we held the first SEC qualified token offering last year. Working with Flipside provides another tool to provide transparent information and insights to the Stacks Ecosystem and beyond.” – Muneeb Ali, CEO and Co-Founder, Blockstack PBC.

The public release provides unparalleled insights and data into Blockstack’s health as a project. 

Community members can now watch all STX token flows in real time, and view all deposits and withdrawals made on exchanges. The on-chain activity of early backers, top holders (users who own a meaningful percentage of the total active supply), and smaller wallets can be discerned separately. 

Benchmarks are also provided to compare Blockstack’s median on-chain volume, transactions, and unique addresses among more than 40 blockchain networks that are monitored by Flipside. 

“We started the Flipside Data Cooperative as an initiative to bring more transparency to the crypto space, and Blockstack was one of the first projects to jump on board. From the very beginning, their team has been dedicated to using our insights to increase decentralization and community leadership. We are thrilled to be partnering with them to further their efforts in fostering trust and collaboration with their users.” – Dave Balter, CEO at Flipside Crypto. 

About Blockstack (STX)

Blockstack is building software for a user owned internet where people own their identity and their data. Applications built with Blockstack provide users a new standard of privacy as well as ownership of their digital property. With a Blockstack username,  users have a single sign-in they can use to access all 400+ applications on the network. To top it off, they have an amazing set of tools that make it super easy for developers to build these apps using Javascript. Stacks (STX) is Blockstack’s native token used to participate in the network and was the first cryptocurrency that was made available via a regulated sale qualified by the SEC

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