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The Stacks blockchain was designed to bring smart contract functionality and, therefore, decentralised applications to Bitcoin. Based on the Stacks whitepaper, the project believes that Bitcoin will be used as the basis for all future blockchains and dapps.
To facilitate this vision, Stacks works like a layer-2 solution and connects directly to the Bitcoin blockchain to leverage its security and stability. By utilising a Proof-of-Transfer (PoX) mechanism, Stacks is able to provide smart contract functionality without the need to modify Bitcoin.
Stacks 2.0 was released in early 2021 and marked the main launch of the project. The Stacks token (STX) is used in the execution of smart contracts and by Stacks miners to receive BTC rewards.
Stacks (STX) is the 61st largest cryptocurrency in the world by market cap, valued at $2,309,273,179. The current price of Stacks is $2.19, which is -0.068% lower than yesterday. Prices have ranged between $2.44 and $2.15 over the past 24 hours. All prices are listed in US dollars and accurate as of January 19, 2022 06:01 UTC.
| Coin symbol | STX |
|---|---|
| Coin Marketcap | US$2,309,273,179 |
| Total STX supply | 1,818,000,000 |
| Circulating STX | 1,052,561,462 |
| Current price | US$2.19 |
| Notable team members | Muneeb Ali |
| Partnerships | Foundry Digital, Blockdaemon |
| Industry | Blockchain platform |
| Token uses | Transaction fees, staking |
| Network | Bitcoin, Stacks |
Historical prices compared with the price of US$2.19.
| 1 hour | -5.25% |
|---|---|
| 24 hours | -0.07% |
| 7 days | -1.83% |
| 14 days | -2.99% |
| 30 days | 2.51% |
|---|---|
| 60 days | -8.01% |
| 200 days | 2.78% |
| 1 year | 6.29% |
Disclaimer: Cryptocurrencies, including Stacks, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of STX is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Stacks or any other cryptocurrency discussed.