$STX
Stacks is a layer for smart contracts built on Bitcoin, where transactions on Stacks are permanently stored on the Bitcoin blockchain.
Stacks is a smart contract blockchain network that extends the Bitcoin blockchain by adopting it as its data settlement layer.
Through this approach, it hopes to leverage the security and decentralization level of the Bitcoin blockchain while running an execution layer that offers improved user experience and more utility than P2P transfers.
Stacks blockchain runs the POX (Proof of Transfer) consensus mechanism, a tokenomics approach to decentralized consensus.
The Stacks token (STX) is the native token of the Stacks network. It plays a principal role in the networkâs consensus and economy.
