Cryptocurrency Q&A
What is the use of STX crypto?
What is the use of STX crypto?
MysticChaser
Thu Nov 07 2024
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5 answers
1413
STX crypto is the native currency of the Stacks network, used to fuel smart contracts, reward miners, and enable holders to earn Bitcoin through Stacking. It's also utilized in applications across the Stacks Ecosystem, including NFT marketplaces, DeFi applications, and more.
5 answers
SapphireRider
Sat Nov 09 2024
Beyond its role in the consensus mechanism, STX also enables the development of smart contracts on the Stacks network.
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Lorenzo
Sat Nov 09 2024
This functionality allows for the creation of decentralized applications (dApps) that can leverage the security and decentralization of Bitcoin.
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SamuraiHonor
Sat Nov 09 2024
The STX token serves a pivotal role in facilitating the integration between Stacks and Bitcoin.
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Stefano
Sat Nov 09 2024
STX further supports the minting of indelible and transferable virtual assets, which adds another layer of utility to the token.
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Lorenzo
Sat Nov 09 2024
It is utilized to drive the Proof of Transfer consensus, which is essential for the smooth operation between the two platforms.
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