Stack (STX) - the Bitcoin Layer for smart contracts


Stacks is a layer built on top of the Bitcoin network, specifically designed to support smart contracts and decentralized solutions. Stacks represents a significant step forward in promoting trust decentralization in blockchain technology. In the context of cryptocurrency, the emphasis on the limitations of centralized entities underscores the pressing need for systems to overcome dependence on trusted intermediaries.

What STX about
Stacks operates as a layer on the Bitcoin network tailored for smart contracts, enabling decentralized applications (dApps) to seamlessly utilize Bitcoin as an asset and settle transactions reliably on the Bitcoin blockchain. What sets Stacks apart is its ability to introduce smart contracts and decentralized applications into the secure and sustainable world of Bitcoin. The goal of the Stacks layer is to develop the Bitcoin economy by turning BTC into a more efficient asset and activating various decentralized applications.

While Bitcoin maintains its image of decentralization, security, and stability, its intentional design limits direct usage for complex applications due to slow processing speeds and inherent simplicity. Stacks, as a layer on the Bitcoin network, addresses this issue by expanding Bitcoin’s functionality without altering its core structure. This layer enables smart contracts to interact reliably with Bitcoin, turning it into a fully programmable asset. This opens up potential for applications such as decentralized lending and Bitcoin-backed stablecoins, leveraging latent Bitcoin capital efficiently and enhancing the overall value and utility of Bitcoin.

The consensus protocol of the Stacks layer, Proof of Transfer (PoX), draws inspiration from Bitcoin’s Proof of Work (PoW) but stands out with energy efficiency and PoW energy recycling. Decentralization, a crucial component of the Stacks layer, is closely linked to PoX consensus, providing a sustainable and energy-saving solution.

Statistics about STX:

  • Total supply: 1,818,000,000 STX
  • Market capitalization: $925 million USD
  • Trading price: $0.6 USD
  • Ranking: #57

Features of Stacks include:

  • Smart contract execution
  • Proof of Transfer (PoX) consensus
  • Creation and management of digital assets
  • Network governance
  • Transaction fees
  • Bitcoin incentives – Crypto forum discussions about all aspects of cryptocurrency bitforum socialfi #InnovationSocialNetwork


Stack is currently at its all-time high (ATH), ranked 26th on Coinmarketcap.

1 Like

Certainly, the post in Bitforum is not investment advice; it simply shares insights into the various technologies present in the current crypto market.