What is stacks bitcoin & how does it work?

The Stacks Bitcoin layer allows for smart contracts and decentralized apps that use Bitcoin as collateral. The final settlement of transactions is done on the Bitcoin blockchain, which ensures security and durability.

What is stack coin (STX)?

The project has its own nodes, its own network, its own miners as well as its own coin. Contrary to different Bitcoin sidechains, Stack’s coin (STX) is not pegged to on-chain BTC.

What is stacks blockchain?

What is Stacks? What is Stacks? Stacks is a layer-1 blockchain that allows for the execution of smart contracts. In contrast to commonly known smart-contract blockchains like Ethereum, Cardano, Solana, or Avalanche, Stacks is associated with the Bitcoin ecosystem because it aims to enhance Bitcoin’s capabilities by building on top of it.

What is stacks and how does it work?

Stacks is very beneficial to crypto users, especially members of the Stacks community. The Stacks blockchain has offered users the advantage of enjoying combined features of two independent blockchains on every activity. Members of the DeFi space can enjoy the extended features of Bitcoin while executing smart contracts.