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logoStacks (STX)

A Scalable Bitcoin Layer for Smart Contracts.
  • Stacks (formerly Blockstack) is a Bitcoin Layer for smart contracts. It enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.

  • Unique features of Stacks:

    • Besides regularly storing a hash of the Stacks blockchain on Bitcoins, many of the node participants in the blockchain will receive rewards in BTC.
    • All transactions on the Stacks layer are automatically hashed and settled on Bitcoin.
  • STX is the native token of the project. The current use cases for STX include:

    • Governance: Stacks is a fully decentralized ecosystem where all governance occurs with STX holders. Anyone can contribute to open source through working groups.
    • Stacking: A way to support the network’s security & consensus by temporarily locking STX and earning BTC. BTC is a core component of Stacks Mining. Miners earn new STX from inflation and they pay to participate in BTC.
  • The project consists of the following major components working in conjunction:

    • Proof of Transfer: A hybrid consensus mechanism knowledge of the full Bitcoin state. It recycles Bitcoin’s Proof of Work to achieve both high levels of decentralization and scalability without additional environmental impact.
    • Clarity: A decidable smart contracts language that optimizes for predictability and security by design
    • sBTC: sBTC powers smart contracts on Bitcoin, secured by the hash power of Bitcoin. It allows users to write back to Bitcoin smart contracts directly.
  • As of March 22nd, 2023, the maximum token supply of STX is 1,818,000,000. The current circulating supply is 1,367,321,275 (75.21% of the max token supply).

  • Learn more about the token distribution of STX here.