Stacks price

STX

#39

The project started in 2017 when Muneeb finished his PhD (his thesis laid out the foundations for the Stacks layer for Bitcoin), released the original whitepaper, and raised $50M. Before this, the early team built protocols and apps on Bitcoin L1 before they began working on Stacks in 2017. Some early visions of the project are represented in this TEDx talk.

In 2019 there was the first-ever SEC qualified token offering (see WSJ article) for the general public, including the US. The full offering material disclosed everything and anything about the project/company/people.

2018-2020 the team was heads down building out the Stacks infrastructure— it's a programming layer for Bitcoin (it works like a blockchain with cross-chain consensus with Bitcoin) and Clarity lang, a safe language. Some technical resources are here.

Stacks uses the Bitcoin blockchain as its base layer. As a Proof of Work (PoW)-based blockchain, Bitcoin uses the combined efforts of thousands of miners and nodes to protect the network against attacks by making it computationally and economically unfeasible to subvert the network.

On top of this, Stacks introduces its own consensus model, known as proof-of-transfer (PoX), which is a novel mining mechanism that sees users transfer the base currency (BTC) to mine STX — effectively bootstrapping the security of the Stacks blockchain using BTC.

STX is available to trade on several prominent exchange platforms, including Binance,Coinbase, Kraken, Upbit, and KuCoin. For a full list of available trading pairs and supported platforms, see the markets section.

For more information about buying cryptocurrencies with fiat, click here.

Check out Wrapped Bitcoin (WBTC) — an ERC-20 token backed 1:1 with actual BTC.

Check out Bitcoin Cash (BCH) — a forked of Bitcoin with several significant changes.

Learn about side chains with CoinMarketCap Alexandria.

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