API ID:
blockstack
Trade Symbol:
Coin or Token:
Max Supply:
Use Case:
Launch Date:
Coin Overview
STX
Coin
1.818 Billion
Smart contracts on Bitcoin
January 2021
Stacks
Stacks (STX) is a blockchain designed to bring smart contracts and decentralized apps to Bitcoin. Instead of competing with Bitcoin, it works alongside it, using Bitcoin as a secure foundation. STX is used to pay for smart contract execution, reward participants, and power a system where holders can earn Bitcoin by locking up their tokens (“Stacking”).
A Deeper Dive
Technology & Use Case
Stacks introduces Clarity smart contracts, which run on its own chain but settle final transactions on Bitcoin for security. Its Proof of Transfer (PoX) consensus links the two networks: miners spend Bitcoin to create new STX, and STX holders can “Stack” their tokens to earn Bitcoin rewards. This makes Stacks unique in extending Bitcoin’s functionality.
Origins & Team
Stacks was founded by Muneeb Ali and Ryan Shea, who launched the project in 2017 under the company Blockstack. After years of development and regulatory compliance (including a qualified SEC-approved token offering), the Stacks mainnet went live in 2021. The Stacks Foundation now oversees development and community growth.
Ecosystem & Partnerships
Stacks powers apps and DeFi projects built on Bitcoin, from NFTs and lending platforms to identity systems. Its growing ecosystem includes developer grants and integrations with Bitcoin-focused tools. Partnerships with projects like Hiro Systems help expand tooling, while its design appeals to Bitcoiners who want advanced features without leaving Bitcoin’s security base.
A Deeper Dive
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