We all know, Bitcoin is different from Ethereum in that there is no Smart Contract. Therefore, it is not possible to build projects on Bitcoin. But there is a project that has targeted this weakness of Bitcoin that develops, which is Stacks. So what is Stacks, what is outstanding about this project and how is information about STX coin? Find out with Techtipsnreview in this article!
What are stacks?
Stacks is an open source network of decentralized applications and smart contracts built on Bitcoin. Or to put it simply, Stacks is a Blockchain with a PoX (Proof of Transfer) Stacks consensus mechanism that helps unleash the full potential of Bitcoin as a programmable Layer 1, building projects.
If you do not know, the predecessor of Stacks is Blockstack. Stacks is currently version 2.0 of the project.
Highlights of Stacks
As I said, Stacks is one of the rare projects interested in Bitcoin in an age of other Layer 1 like Ethereum, Solana, etc.
Projects that will run on blockchain with Smart Contract, is controlled by code instead of companies and can be accessed by anyone. This allows decentralized applications to do things that conventional applications cannot.
All transactions on Stacks will be settled on Bitcoin, making applications and transactions as secure as Bitcoin main transactions. Applications on Stacks can be written based on the logic of Bitcoin.
The Stacks, the world is focusing on Bitcoin and the demand for use cases around Bitcoin is growing. So instead of creating another Layer 1 that competes with Bitcoin, Stacks builds and expands Bitcoin. This allows Stacks to grow with Bitcoin, as well as leverage capital, security and Network effect of Bitcoin.
Detailed information about STX coin
Key Metrics STX
- Token Name: Stacks.
- Ticker: STX.
- Blockchain: Stacks.
- Token Standard: Updating…
- Contract: Updating…
- Token Type: Utility.
- Total Supply: 1,320,000,000 STX.
- Circulating Supply: 1,052,561,461 STX.
STX Token Allocation
- 2018 Token Sales: 30%
- Short-term Treasury: 22%
- Founder Distribution: 13.6%
- 2019 Token Sales: 9%
- Long-term Treasury: 8.3%
- Equity Investor Distribution: 8.2%
- Employee Distribution: 5.6%
- Reg A App Mining: 3%
STX Token Sale
STX Token Release Schedule
STX Token Use Case
The STX coin will be used to:
- Digital asset registration.
- Pay transaction fees.
- Executing Clarity Smart Contracts.
- Stake to become a node to receive BTC and STX rewards.
How to earn and own STX
You can earn and own STX coin by:
- Staking STX to become a node and receive STX as a reward.
- Buy coins on the exchange.
Looking for more information: What is Staking? Staking Guide for Newbies
STX Coin exchange & storage wallet
STX . Storage Wallet
STX is the Native Token of Stacks Blockchain, it is stored on a private wallet called Stacks Wallet. You can refer to and download this Stacks Wallet here: http://hiro.so/wallet
Exchange STX
You can buy and sell STX on exchanges like Binance exchange, Okex, Kucoin…
Roadmap & Updates
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Project team, investors & partners
Project team
Please read detailed information about the project team here.
Investors
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Partner
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Similar projects
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summary
Thus, I have provided you with all necessary information about Stacks and the project’s STX coin. What do you think about the development potential of this project? Please comment below to discuss with Techtipsnreview!
Source: What is Stacks (STX)? Complete set of STX . cryptocurrency
– TechtipsnReview
