What is stacks bitcoin & how does it work?

The Stacks Bitcoin layer allows for smart contracts and decentralized apps that use Bitcoin as collateral. The final settlement of transactions is done on the Bitcoin blockchain, which ensures security and durability.

Can stacks compete with Bitcoin?

There is hundreds of billions of capital locked into Bitcoin, most of it as a passive store of value. Instead of competing with Bitcoin, Stacks can provide novel use cases for holders of bitcoin, such as bitcoin-backed loans, bitcoin DeFi or using your bitcoin to trade NFTs.

What is stacks (STX)?

The Stacks blockchain has its own native digital token, known as Stacks (STX), which powers the Stacks ecosystem. STX is used to execute Bitcoin smart contracts that utilize the Clarity programming language, process transactions, reward miners on the Stacks network, and enable its holders to earn BTC via a process known as stacking.

What is stacks SBTC?

sBTC will allow the Stacks layer to unlock $500B in BTC capital, bringing the largest, most durable decentralized asset to more people and more use cases. Hold and temporarily lock STX, Stacks’ native currency, and support the network’s security and consensus. Over 2000 bitcoin have been distributed in consensus rewards.