What is block explorer?

Block explorer is a website or a tool that allows one to browse through blocks, view wallet addresses, network hashrate, transaction data and other key information on the blockchain. Block Explorer is simply a search tool. Just like how you use web browsers to browse through the Internet; block explorers allows one to browse the blockchain.

What is stacks blockchain?

Stacks, formerly Blockstack, is an open-source platform to enable smart contracts, DeFi, NFTs, and apps for Bitcoin. Stacks blockchain is a "layer" for Bitcoin similar to the Lightning Network. In addition to smart contracts, the Stacks project provides open-source software for authentication, and data storage.

What is stacks & how does it work?

Bitcoin is Stacks’ secure and robust base layer where all transactions are settled, and Stacks adds complex apps and smart co ntracts. S tacks apps can interact with Bitcoin state, so you can have an app that uses Bitcoin as its currency. Why Bitcoin? A transaction is nearly impossible to reverse or change once it has settled on Bitcoin.

How did Blockstack transform into stacks?

In 2018, Blockstack transformed into Stacks by successfully launching the Stacks 1.0 blockchain. After this the building continued and one year later, Stacks raised about $23M in the first-ever SEC-qualified coin offering in US history. Throughout 2020, the migration to Stacks 2.0 was worked on.