Stacks (STX) is a cryptocurrency that aims to bring smart contracts and decentralized applications (dApps) to the Bitcoin blockchain. Stacks uses a unique consensus mechanism called "proof of transfer" (PoX) which allows STX holders to earn Bitcoin (BTC) by locking up their STX tokens and participating in the validation of transactions on the network.
The Stacks network is built on top of the Bitcoin blockchain, which is used as a secure and reliable base layer for executing smart contracts and building decentralized applications. Stacks enables developers to build dApps using familiar programming languages, such as JavaScript and Python, and provides a suite of tools and resources to facilitate the development process.
One key feature of Stacks is its focus on decentralized finance (DeFi) applications, with the platform supporting the creation of decentralized exchanges, lending and borrowing protocols, and other DeFi products.
STX is used as the native currency of the Stacks network, and it is used to pay for transaction fees, smart contract execution, and other network services. STX can also be staked to earn BTC rewards through the PoX consensus mechanism.
Stacks is a promising project that aims to bring smart contracts and DeFi to the Bitcoin blockchain, while also providing an opportunity for STX holders to earn BTC through the PoX consensus mechanism.
With a total market cap of over $933 million, Stacks is the No. 53 cryptocurrency by market size. The currency symbol for Stacks is STX and it originated in the United States. There will only ever be 1.81 billion Stacks tokens issued. So far 1.41 billion tokens (78.1% of the total supply) have been issued.
We found crypto protocols offering up to 11.4% APY on Stacks deposits (11.4% APY CeFi). Check out our Stacks staking yields table for further details.
The technical price analysis for Stacks below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Stacks.
AYes Stacks is mineable which means that new coins can be created by miners working on the network.
QIs Stacks an NFT?
AYes Stacks is an NFT. NFT is an abbreviation of Non-Fungible Token, which is a special type of cryptographic token which represents something unique such as a unique piece of property. Wikipedia.
QWhat ecosystem is Stacks part of?
AStacks is part of the Bitcoin and Injective ecosystems.
QIs it possible to stake Stacks to generate passive income?
AYes, staking is available for Stacks on a number of platforms. For a full list of Stacks staking yields see our list of Stacks staking yields.
QHow much can I earn staking Stacks?
AYou can earn up to 11.4% APY by staking your Stacks tokens. Check out our Stacks staking yields table for further details.
QWhere is the best place to stake Stacks?
ARight now the best staking rates are on Coinbase with an income rate of up to 11.4% APY.
QIs it a good time to buy Stacks?
AYou can check the technical indicators for Stacks on the Stacks Price Trend tab. These indicators are based on the analysis of multiple trading signals for Stacks.
QWhere is the best place to buy Stacks?
AYou can find the cheapest exchange on which to buy Stacks on the Stacks Buy tab.
QWhich venture capital firms have invested in Stacks?
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