Stacks (formerly Blockstack) is a Bitcoin Layer for smart contracts. It enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.
Unique features of Stacks:
Besides regularly storing a hash of the Stacks blockchain on Bitcoins, many of the node participants in the blockchain will receive rewards in BTC.
All transactions on the Stacks layer are automatically hashed and settled on Bitcoin.
STX is the native token of the project. The current use cases for STX include:
Governance: Stacks is a fully decentralized ecosystem where all governance occurs with STX holders. Anyone can contribute to open source through working groups.
Stacking: A way to support the network’s security & consensus by temporarily locking STX and earning BTC. BTC is a core component of Stacks Mining. Miners earn new STX from inflation and they pay to participate in BTC.
Unique features of Stacks:
Besides regularly storing a hash of the Stacks blockchain on Bitcoins, many of the node participants in the blockchain will receive rewards in BTC.
All transactions on the Stacks layer are automatically hashed and settled on Bitcoin.
STX is the native token of the project. The current use cases for STX include:
Governance: Stacks is a fully decentralized ecosystem where all governance occurs with STX holders. Anyone can contribute to open source through working groups.
Stacking: A way to support the network’s security & consensus by temporarily locking STX and earning BTC. BTC is a core component of Stacks Mining. Miners earn new STX from inflation and they pay to participate in BTC.