Cryptocurrency Q&A
What blockchain is stx built on?
What blockchain is stx built on?
Andrea
Wed May 22 2024
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7 answers
1607
Could you please elaborate on the blockchain technology that underlies the STX coin? I'm curious to know which specific blockchain framework STX is built upon and what are the unique features or advantages it offers? Also, is it a public blockchain or does it have any other specific characteristics that distinguish it from other blockchains? I'm interested in understanding the technological foundation that supports STX and how it contributes to its functionality and security.
7 answers
GalaxyGlider
Fri May 24 2024
Stacks (STX) token serves as the fundamental cryptocurrency powering the Stacks blockchain, a revolutionary platform designed for smart contract execution and transaction processing.
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Martino
Thu May 23 2024
Additionally, STX tokens are also utilized for staking, allowing users to participate in the governance of the Stacks blockchain and earn rewards.
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Chiara
Thu May 23 2024
BTCC, a leading UK-based cryptocurrency exchange, offers a comprehensive suite of services related to STX and other cryptocurrencies.
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CryptoTitan
Thu May 23 2024
As the native currency of the blockchain, STX fulfills a crucial role in facilitating seamless interactions and operations within the network.
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HanbokElegance
Thu May 23 2024
One primary use of STX is as a gas fee, ensuring that smart contracts and transactions can be executed efficiently and securely.
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