Not enough votesBased on 0 votes
What is Stacks all about
The Stacks blockchain is a layer-1 solution that is linked to the Bitcoin blockchain. It uses Bitcoin's chain as a medium for recording the set of all Stacks blocks ever produced. In turn, Stacks leverages Bitcoin's proven security and economic power. Thanks to this connection, Stacks is able to bring dApps and smart contract technology to the Bitcoin blockchain.
Stacks' consensus works on a novel Proof-of-Transfer (PoX) mechanism, which is a derivative of the Proof-of-Burn (PoB) system. In the Proof-of-Burn system, miners reach consensus by burning cryptocurrency. The amount of coins burned translates into the miner's computing power. In PoX, miners transfer their cryptocurrency to other network participants, instead of burning it. Miners receive Stacks fees for transactions mined in the produced block.
Since Stacks and Bitcoin blockchains run in parallel, Stacks' chain produces blocks at the same rate as Bitcoin's chain. Stacks also allows miners to opt into a microblock creation feature. Microblocks are a solution to the problem of low transaction latency on the blockchain.
The Stacks network uses the Clarity programming language for smart contract and dApp creations. It is decidable (not Turing complete), which means you always know from the program's code what it does. Smart contracts written in Clarity are not compiled and are always displayed as they were written. The language allows developers to bring smart contracts to Bitcoin in a safe way.
STX is the native cryptocurrency of the Stacks network. It is used to pay for transaction fees, as well as reward miners. Stacks also offers a way for STX holders to earn Bitcoins through a process called stacking. These BTC come from the PoX mechanism, in which miners transfer their Bitcoins. Stacking also provides the Stacks network with security benefits.
Stacks Profit Calculator
Date of investment
Today's value would be€0
Start earning crypto
STX Questions & Answers
How much does Stacks cost today?
Price of Stacks right now is at 0.55 EUR.
When did Stacks reach its peak?
The price of Stacks reached its highest point on 2021-12-01, when it was at 2.99 Euro.
Is Stacks going to cost more in one month time?
On the basis of our price prediction algorithm we expect, that the cost of Stacks will reach between €0 and €0.61 1 month from now.
How much will Stacks cost 3 months from now?
On the basis of our short term price prediction we estimate Stacks's price will be between €0 and €0.61 in three months.
Is Stacks going to be worth more in six months?
Accurate long term forecast is very difficult, however using our prediction algorithm we estimate that the price of Stacks is likely going to be between €0 and €0.61 6 months from now.
Do social media users engage in Stacks discussions?
0 individuals engaged via Reddit, in an online discussion about Stacks in the last 48 hours. Stacks's Twitter profile is currently followed by 135371 people.
10 days Stacks price forecast
Long term Stacks price prediction