What do I think about the Stacks (STX) ecosystem

in #stacks4 years ago (edited)

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Nowadays, cryptocurrencies are incredibly resilient, world-changing technologies. The decentralized nature of cryptocurrency makes them hard to completely stamp out but central. Since then Bitcoin has been launched in 2009, its price surged to about 45000$. Stacks(STX) is a decentralized network, like Bitcoin. All Stacks transactions place on the Bitcoin blockchain, they are secure as a Bitcoin transaction. Stacks code can’t be taken down. Anyone with an internet connection can use or build Stacks apps. You don’t need anyone’s permission and you can’t be blocked from Stacks.

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The Stack is a digital asset. It has to be truly global and be exchangeable with all major national fiat and cryptocurrencies. The Stacks token is currently traded on exchanges. It has a market capitalization of $574 million on 15 February 2021.
The Stacks 2.0 blockchain makes scalable transactions and general-purpose smart-contracts to Bitcoin without modifying Bitcoin. If you a Stacks miner you can use Bitcoin to mine newly minted Stacks. At the same time, Stacks holders can lock their STX in consensus to earn Bitcoin, making STX a unique crypto asset that is natively priced in BTC and gives BTC earnings.
The Stacks use a new mining mechanism, called proof-of-transfer (PoX). PoX uses the proof-of-work cryptocurrency of an established blockchain to secure a new blockchain. Miners transfer the committed cryptocurrency to some other participant in the network. This allows network participants, who are adding value to the new cryptocurrency network, to earn rewards in a base cryptocurrency by actively participating in the consensus algorithm.

Stacks 2.0 becomes the main net which uses clarity a secure and predictable smart contract language and offers many advantages by earning and holding.
Website: https://stacks.org
Twitter: https://twitter.com/Stacks
Telegram: https://t.me/BlockstackChat
Discord: https://discord.com/invite/HsK3ShU