Stacks
STX Price
Stacks harmonizes Bitcoin with smart contracts using PoX, pioneering a groundbreaking layer-2 solution. More
| Fully Diluted Valuation | $1.20B |
|---|---|
| 24H Trading Volume | $61.32M |
| 24H Low / High | $0.78 / $ 0.85 |
| Circulating Supply | 1.53 B |
| Total Supply | 1.53 B |
| Max Supply | 1.82 B |
| Categories | Infrastructure 11 more |
|---|---|
| Founder | Muneeb Ali 1 more |
| Website | stacks.co Whitepaper |
| Socials | 5 more |
| Chains | Stacks Ecosystem |
| Explorer | Stacks 1 more |
| Name | Pair | OG Score |
|---|
Stacks (STX): Empowering Decentralized Applications on Bitcoin
Launched in 2019, Stacks (STX) stands as a pivotal platform ushering smart contracts and decentralized applications (dApps) onto the Bitcoin network, leveraging its security and transaction settlement capabilities. The Stacks Foundation, dedicated to advancing the Bitcoin economy, focuses on research, education, and governance. This commitment reflects in various programs, including grants for open-source tech, community initiatives, and educational endeavors. Stacks Foundation fosters decentralized decision-making, aiming for a more equitable and open internet.
At the core of Stacks lies its unique approach: the Proof-of-Transfer (PoX) consensus mechanism. This innovative mechanism incorporates the high security of Proof-of-Work (PoW) with the scalability of Proof-of-Stake (PoS). It involves miners bidding BTC to write blocks on the Stacks blockchain, earning STX rewards and transaction fees. Meanwhile, stackers lock STX to receive BTC from miners, creating a cycle that removes the need for cryptocurrency burning.
Stacks' uniqueness stems from its integration with Bitcoin. Leveraging Bitcoin’s security and vast capital, it offers security and rewards to participants. Notably, Stacks independently scales from Bitcoin, providing low costs and swift transactions. Furthermore, it prioritizes user privacy by encrypting data within apps and ensuring 100% user ownership of their data.
The platform utilizes the Clarity programming language for smart contracts, allowing the creation of diverse digital assets like tokens and collectibles. Stacks’ innovation lies in its ability to read the entire Bitcoin state, facilitating secure and decentralized interactions with the Bitcoin blockchain. Stacks is poised as an ideal platform for decentralized apps, utilizing the robustness and trustlessness of Bitcoin to create a new paradigm of possibilities.
Stacks stands out for its integration with Bitcoin, utilizing a novel Proof-of-Transfer (PoX) consensus mechanism, amalgamating the security of Proof-of-Work (PoW) and scalability of Proof-of-Stake (PoS) to empower decentralized apps on the Bitcoin network.
Stacks (STX) was founded by Muneeb Ali and Ryan Shea. They designed the Stacks blockchain, aiming to enable smart contracts and dApps on the Bitcoin network.
Stacks has received support from various investors, including HashKey Capital, Union Square Ventures, SNZ Holding, Blockchain Capital, Y Combinator, Digital Currency Group (DCG), The Spartan Group, Fenbushi Capital and IOSG.
Stacks (STX) operates on a unique consensus mechanism called Proof-of-Transfer (PoX), allowing miners to bid BTC to write blocks on the Stacks blockchain while stackers lock STX to receive BTC from miners, removing the need for cryptocurrency burning.
You can buy Stacks (STX) on Binance, BitgetCoinbaseBybitOKX cryptocurrency exchanges.
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Stacks (STX) is ($1,534,474,401), max supply of Stacks STX is ($1,818,000,000) and the market cap of Stacks STX is ($1,201,463,148).
What is the Stacks (STX) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Stacks (STX) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Stacks (STX) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Stacks STX) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Stacks (STX) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Stacks (STX) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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