What is stacks & how does it work?

Stacks is a Bitcoin layer that enables decentralized apps and smart contracts. What is Stacks? Stacks is a blockchain linked to Bitcoin by its consensus mechanism that spans the two chains, called Proof of Transfer. This enables Stacks to leverage Bitcoin’s security and enables Stacks apps to use Bitcoin’s state.

What is stacks & bitcoin?

The consensus mechanism that connects Stacks and Bitcoin, allowing applications to benefit from the security of Bitcoin. Stacks brings DeFi to Bitcoin, unlocking over $300 billion in capital and setting the stage for activation of the Bitcoin economy. NFTs secured by Bitcoin are exploding on the network.

How popular is stacks?

Additionally, 0 unique individuals are talking about Stacks and it is ranked #80 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Stacks has an average sentiment score of 3 out of 5. Finally, Stacks is becoming more newsworthy, with 0 news articles published about Stacks.

What is stacks (STX)?

The current circulating supply is 1,398,660,820.264 STX. This content is for informational purposes only. STX is the native token of the Stacks network, which aims to enable DeFi, NFTs, apps, and smart contracts for Bitcoin. STX is used to pay transaction fees and can be locked directly on the network to earn BTC rewards.