Stacks is a Layer-1 blockchain with Bitcoin as a base layer linked together with a Proof of Transfer (PoX) consensus mechanism. The decentralized, trustless, permissionless, open network supports smart contracts, allowing developers to launch decentralized applications (dApps) that enjoy Bitcoin’s superior security and state.
Stacks advances the core functionality and features of the Bitcoin blockchain, using it as a base layer and adding more advanced capabilities. The Stacks blockchain supports smart contracts and complex decentralized apps that interact with Bitcoin’s state and use BTC as their native currency.
What Stacks’ revolutionary technology does is offer a multitude of new use cases and applications for Bitcoin’s technology. As the world’s most popular cryptocurrency, its features are sought after by investors, developers, and consumers worldwide for enhanced security, transparency, decentralized nature, and highly resilient infrastructure.
STX is the native token of the Stacks blockchain and can be minted by paying in BTC. Stacks also lets STX holders stack their tokens to earn Bitcoins as rewards as part of its PoX consensus mechanism.