|
Stacks STX |
BUY
|
|
$0.2154474 |
-1.53% (24h) |
|
|
Marketcap |
||
|
$390,952,115 |
||
|
Volume 24h |
||
|
$8,892,952 |
} } }
Description
Stacks (STX) is a layer-1 blockchain that is uniquely designed to bring smart contracts and decentralized applications to the Bitcoin network. It utilizes a consensus mechanism called "Proof of Transfer" (PoX), which links the security and capital of Bitcoin with the programmability of Stacks. STX token holders can participate in "stacking," where they lock their tokens to secure the network and receive rewards directly in Bitcoin. By leveraging Bitcoin's unmatched security and liquidity, Stacks aims to create a "Bitcoin-backed" decentralized internet and financial system.