Cryptocurrency Q&A
What does STX coin do?
What does STX coin do?
Giulia
Mon Nov 18 2024
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9 answers
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STX coin, also known as Stacks Token, is designed to extend the functionality and ecosystem of Bitcoin. It enables smart contracts and decentralized applications on the Bitcoin blockchain, allowing for more diversified use cases such as financial services, decentralized exchanges, and digital identity verification. STX can be used for payment fees, voting rights, and network governance, providing broader application scenarios for Bitcoin.
9 answers
SakuraWhisper
Wed Nov 20 2024
It aims to facilitate decentralized finance (DeFi) applications on Bitcoin.
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CherryBlossomDancing
Wed Nov 20 2024
Additionally, the network supports non-fungible tokens (NFTs) and various apps.
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EmeraldPulse
Wed Nov 20 2024
STX serves as the fundamental token within the Stacks network.
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DaeguDiva
Wed Nov 20 2024
Smart contracts are also made possible through the Stacks network.
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emma_grayson_journalist
Wed Nov 20 2024
STX tokens are utilized to cover transaction fees within the network.
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