About Stacks (STX)
Stacks (STX) This paper provides an overview of the Stacks 2.0 blockchain, a layer-1 blockchain that brings smart contracts and decentralized apps to Bitcoin. The introduce the first consensus algorithm between two blockchains. Stacks 2.0 integrates smart contracts and decentralized apps natively with Bitcoin’s security, stability, and economic power. Blockchains are the most significant upgrade to the internet since the Web’s creation over 30 years ago.
Stacks (STX) For the first time, you can define and engage with digital assets using open protocols, unlocking new business models and capabilities that were not possible before. Bitcoin is the earliest and most secure blockchain; it provides a new type of money that cannot be controlled or altered by any single party [1. The Bitcoin network provides the foundations for not just the Bitcoin cryptocurrency but a general settlement protocol.
Stacks (STX) Blockchains enable new types of computer programs: (a) smart contracts that can be published on a blockchain to execute in a trustless manner and anyone can verify their outputs, and (b) decentralized apps that are user-owned and avoid centralized servers. Ethereum demonstrated the power of smart-contracts, and Stacks brings these capabilities to Bitcoin
Stacks (STX) Storage Key Points
|Circulating Supply||1.15B STX|
|Source Code||Click Here To View source code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Stacks 2.0 Design
Stacks (STX) Stacks 2.0 is a layer-1 blockchain that connects to Bitcoin for security and enables decentralized apps and predictable smart contracts. Stacks 2.0 implements PoX mining that anchors to Bitcoin security. Leader election happens at the Bitcoin blockchain and STX miners write new blocks on the connected Stacks blockchain. With PoX there is no need to modify Bitcoin to enable smart contracts and apps around it.
Stacks (STX) Miners can view state on both the Bitcoin blockchain and the Stacks blockchain. STX miners participate in leader election by sending transactions on the Bitcoin blockchain, a Verifiable Random Function (VRF randomly selects leader of each round (while giving more weight to higher BTC bids), and the leader writes the new block on the Stacks chain. STX miners get newly minted STX (coinbase rewards), transaction fees paid to them in STX, and Clarity contract execution fees of each block also paid in STX.
STX holders can participate in consensus and earn BTC rewards by participating in a process called Stacking. To participate, users lock their STX for a reward cycle (approx two weeks), run or support a full node, and send useful information on the network as STX transactions. STX holders who actively participate in Stacking earn the Bitcoin rewards of that cycle. Unlike proof of stake, there is no risk of slashing (economic penalties by protocol) for STX holders.
A Better Internet, built on Bitcoin
Stacks (STX) makes Bitcoin programmable, enabling decentralized apps and smart contracts that inherit all of Bitcoin’s powers.
Build Apps and Smart Contracts on Bitcoin
Stacks connects to Bitcoin, enabling you to build apps, smart contracts, and digital assets that are integrated with Bitcoin’s security, capital, and network.
Earn Bitcoin by Stacking
Stacks (STX) Lock your STX temporarily to support the network’s security and consensus. As a reward, you’ll earn Bitcoin that miners transfer as part of Proof of Transfer.
Reimagine financial System on Bitcoin
Stacks makes Bitcoin’s $760B of capital programmable with smart contracts. Build a better financial system on top of Bitcoin that’s open, composable, and without intermediaries.
Clarity, for Safer Smart Contracts
Stacks (STX) Run your app’s logic on the blockchain with Clarity smart contracts. Clarity is a more secure and predictable language that prevents many bugs and exploits. Perfect for high-stakes code where bugs are not an option.
Clarity Smart Contracts
Clarity is a new programming language for smart contracts. The Clarity language optimizes for predictability and security. Stacks 2.0 anchors clarity smart contracts to Bitcoin making it possible for smart contracts to operate based on actions seen on the bitcoin blockchain. Well-designed smart contracts can prevent bugs, but poorly designed contracts can exacerbate problems. This is especially important given smart contracts are meant to keep digital money on them. With Clarity, we took the what you see is what you get approach. Clarity makes the behavior, cost, and performance of smart contracts transparent both for developers and for automated verification and introduces post-conditions for added safety
Governance is the process of decision making around Stacks’ open-source software and the Stacks blockchain.
Stacks Foundation Programs
Stacks (STX) Foundation wants to make it easier for experiments to happen. Their work supports builders, entrepreneurs, researchers, & contributors to the user-owned internet economy. They fund development, education, and community initiatives to build that vision together.