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Stacks (STX) Market Value, News

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What is Stacks (STX)?

Stacks (STX) is a decentralized network that enables smart contracts and decentralized applications (Dapps) on the Bitcoin (BTC) blockchain. It uses a novel consensus mechanism called Proof of Transfer (PoX), which allows BTC holders to earn rewards for securing the Stacks network. STX is the native token of the Stacks network, and it is used to pay for transactions, deploy smart contracts, and participate in governance.

Stacks (STX) Market Value

As of March 8, 2023, the live price of Stacks (STX) is $0.30 USD with a 24-hour trading volume of $123,456.78 USD. We update our STX to USD price in real-time. STX is up 1.75% in the last 24 hours. The current CoinMarketCap ranking is #84, with a live market cap of $1.23 billion USD. The circulating supply of STX is 4.09 billion tokens and the max. supply is 10 billion tokens.

Stacks (STX) History of Technology

Stacks was founded in 2018 by Ryan Shea and Muneeb Ali. Shea is a software engineer and entrepreneur who has worked on a number of blockchain projects, including Blockstack and Lightning Labs. Ali is a professor of computer science at the University of Illinois at Urbana-Champaign and the founder of the Stacks Foundation.

Stacks uses a number of technologies to power its network, including:

  • Bitcoin blockchain: Stacks is built on top of the Bitcoin blockchain, which provides a secure and decentralized foundation for the network.
  • Proof of Transfer (PoX): PoX is a novel consensus mechanism that allows BTC holders to earn rewards for securing the Stacks network.
  • Smart contracts: Stacks supports smart contracts, which are self-executing contracts that can be used to create Dapps.
  • Decentralized application (Dapp) platform: Stacks is a decentralized application (Dapp) platform that allows developers to build Dapps on top of the Bitcoin blockchain.

Stacks (STX) Pros and Cons

Here are some of the pros and cons of Stacks (STX):

Pros:

  • Bitcoin integration: Stacks is integrated with the Bitcoin blockchain, which provides a secure and decentralized foundation for the network.
  • Proof of Transfer (PoX): PoX is a novel consensus mechanism that allows BTC holders to earn rewards for securing the Stacks network.
  • Smart contracts: Stacks supports smart contracts, which are self-executing contracts that can be used to create Dapps.
  • Decentralized application (Dapp) platform: Stacks is a decentralized application (Dapp) platform that allows developers to build Dapps on top of the Bitcoin blockchain.

Cons:

  • New: Stacks is a new project, and it is still under development. This means that there is some risk involved in using the network.
  • Competition: Stacks faces competition from other projects that are trying to build on top of the Bitcoin blockchain, such as Rootstock and RSK.
  • Regulation: The regulatory status of Stacks is still unclear. This could pose a risk to users and developers.

Conclusion

Stacks is a promising new project that has the potential to revolutionize the way that Dapps are built on top of the Bitcoin blockchain. Stacks is a secure, decentralized, and scalable platform that is backed by a strong team of developers. Stacks is also a relatively new project, which means that it has the potential to grow significantly in the future.

How To Stacks (STX)

Do you want to plunge into the world of cryptocurrencies and know where to buy How To Buy Stacks (STX) The largest exchanges currently trading with How To Buy Stacks (STX) are   Kucoin , Gate.io  Binance and . You can find other exchanges that make listings.

About Stacks (STX)

Contract0xd52aae39a2b5cc7812f7b9450ebb61dfef702b15
Websitehttp://stacks.co/
ExplorersStacks
CommunityTwitter
API iddblockstack

1 Stacks (STX) USDC (1 STX to USD//Coin) Exchange Calculator

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