ST

Stacks

STX
Layer 2Rank #52Bitcoin

$0.2470

-3.74%24h
-4.63%7d

Market Cap

$453.27M

Volume 24h

$13.46M

Vol / Market Cap

2.97%

Rank

#52

STX Price Chart

About Stacks

Stacks is a Layer 2 blockchain that brings smart contracts and decentralized apps to Bitcoin.

Stacks is a Layer 2 blockchain that enables smart contracts and decentralized applications secured by Bitcoin, bringing programmability to the Bitcoin ecosystem.

How It Works

A layer for smart contracts that settles on Bitcoin. It uses a "Proof of Transfer" mechanism to link its security to the Bitcoin blockchain, allowing developers to build DeFi and apps that benefit from Bitcoin's massive security.

Use Cases

Smart Contracts on Bitcoin: Used to pay for the execution of smart contracts and DeFi applications that use the security of the Bitcoin blockchain as their base layer.

Tokenomics

Bitcoin Smart Contracts: Linked to Bitcoin via "Proof of Transfer" (PoX). Used for staking (Stacking) to earn Bitcoin rewards. It enables smart contracts and DeFi apps that settle their final state on the Bitcoin blockchain.

Risks & Considerations

Complexity of smart contracts on top of legacy networks; high dependency on the security of the base layer.

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