STACKS (STX) Explained in a crypto quicky

#Stacks #cryptonews #bitcoin #btc #stx

What is Stacks (STX)?

Stacks (STX) functions as a Bitcoin Layer for smart contracts. It allows desentralised applications (DApps) to use Bitcoin to settle transactions via the Bitcoin blockchain. STX is the native token of the Stacks ecosystem.

Stacks is built upon the Bitcoin blockchain and uses it as the base layer. By doing so, and using their own innovative consensus mechanism, Proof of Transfer (PoX), Stacks is able to leverage Bitcoins security mechanisms.
Stacks aims to give Bitcoin new functionality, this includes the development of smart contracts and DApps. The Clarity programming language used by Stack to create these smart contracts aims to protect the end user by preventing bugs and common exploits.
STX is a vital part of the PoX consensus model. It is used for incentivising Stacks miners, incentivising signers who help to uphold its peg mechanism and more. The aim of this is to maintain an open and decentralised system.

Stacks (STX) aims to create new functionality for Bitcoin. By acting as a layer for smart contracts on the Bitcoin blockchain individuals are able to develop and use DApps while knowing they are backed by the security of the Bitcoin blockchain.

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Sta functions as a Bitcoin layer for smart contracts it allows decentralized applications or daps to use Bitcoin to settle transactions via the Bitcoin blockchain STX is the native token of the Stax ecosystem Stax is built upon the Bitcoin blockchain and uses it as the base layer by doing so and using

Their own Innovative consensus mechanism proof of transfer or pox Stax is able to leverage Bitcoin security mechanisms sta aims to give Bitcoin new functionality this includes the development of smart contracts and daps the clarity programming language used by Stack to create these smart contracts aims to protect the end user by preventing bugs

And common exploits STX is a vital part of the pox consensus model it is used for incentivizing STX miners incentivizing signers who help to uphold its Peg mechanism and more the aim of this is to maintain an open and decentralized system Stax aims to create create new functionality for Bitcoin by

Acting as a layer for smart contracts on the Bitcoin blockchain individuals are able to develop and use daps while knowing they are backed by the security of the Bitcoin blockchain at time of recording STX is listed at $149 us with a maximum supply of 1.8.18 billion to buy or learn more

About this or other coins head over to the crypto Doland like share subscribe and join me live every Wednesday and Sunday on the Adam Stokes YouTube channel this has been crypto quickie happy investing and I’ll talk to you next time