Stax Protocol

1. Summary

Ranks

Liquidity

-

Developer

-

Social

41

Momentum (beta)

0

Stack Rank™

-

Price

$0.000014200000 0.0%

Market Cap

$0.00 (#8549)

Supply

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Price
52W High price	$0.000017531300
52W High date	20th Jan 2022 (2 years ago)
All Time High (ATH) Date	23rd Aug 2024 (3 months ago)
All Time Low (ATL) Date	23rd Aug 2024 (3 months ago)

Supply & Trading Volume

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Description

Stacks (STX)

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Stacks (STX)

Stacks is a layer-1 blockchain designed to expand the capabilities of the Bitcoin blockchain by incorporating smart contracts and decentralized applications. Built on top of Bitcoin's base layer, Stacks uses a unique consensus mechanism called Proof of Transfer (PoX). This mechanism involves miners exchanging Bitcoin for a chance to earn Stacks' native token, STX. In return, these miners provide security to the Stacks blockchain, ensuring that transactions are verified and smart contracts are executed securely.

Key Features

• Smart Contracts: Stacks uses a language called Clarity for developing smart contracts, which are anchored to the Bitcoin blockchain, ensuring their interaction with the Bitcoin base layer.
• Scalability: To improve transaction throughput, Stacks has implemented microblocks that allow for rapid settlement of transactions with high confidence.
• Token Economic Model: Block rewards for mining on Stacks are issued in STX, with a halving structure synchronized with Bitcoin's block reward halvings.

While Stacks is not a second-layer scalability solution for Bitcoin, it functions independently as a layer-1 blockchain, leveraging Bitcoin's security and exploring new functionalities for users.

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