STX Specifications

Type

COIN

Algorithm

Protocol

PoX

Start Date

17/02/2015

Max Supply

1,818,000,000

Circ. Supply

1,514,087,601

Website

Explorer

Social Media

Info

Stacks (STX) is a Layer 1 blockchain solution that brings smart contracts and decentralized applications (dApps) to Bitcoin without altering its core features. It uses the Proof of Transfer (PoX) consensus mechanism to anchor its security to Bitcoin. The STX token facilitates swaps on decentralized platforms and is supported by major exchanges, providing liquidity across its ecosystem.

Market Impact

Stacks has expanded Bitcoin's utility by enabling DeFi, NFTs and other decentralized applications on its network. Its ability to support seamless token swaps has made it a key player in the ecosystem. Additionally, the presence of STX on global exchanges has boosted its accessibility, driving increased liquidity and adoption in the crypto community.

History

Stacks was launched by Blockstack PBC, now known as Hiro Systems, to enhance Bitcoin's functionality by enabling programmability. The platform introduced the Clarity programming language, built for secure and predictable smart contracts. Since its launch, STX has facilitated asset swaps and gained adoption through its listings on major exchanges.

Features

Smart Contracts on Bitcoin
Stacks enables developers to create smart contracts and dApps secured by Bitcoin's network, supporting decentralized asset swaps.
Proof of Transfer (PoX) Consensus
This innovative mechanism allows STX holders to earn BTC rewards while maintaining the network's security.
Clarity Programming Language
Clarity provides a secure and transparent environment for writing smart contracts, reducing vulnerabilities and enabling safe exchanges.

Website

Explorer

Social Media

*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.