1H
-0.69%$0.0017
24H
-4.65%$0.0118
7D
-3.32%$0.0083
30D
-14.0%$0.0392
Stacks is a layer-1 blockchain solution that is designed to bring smart contracts and decentralized applications (DApps) to Bitcoin (BTC). These smart contracts are brought to Bitcoin without changing any of the features that make it so powerful — including its security and stability.
These DApps are open and modular, meaning developers can build on top of each other’s apps to produce features that are simply not possible in a regular app. Since Stacks uses Bitcoin as a base layer, everything that happens on the network is settled on the most widely used arguably the most secure blockchain in operation – Bitcoin.
The platform is powered by the Stacks token (STX), which is used for fueling the execution of smart contracts, processing transactions and registering new digital assets on the Stacks 2.0 blockchain.
The platform was formerly known as Blockstack, but was rebranded to Stacks in Q4 2020 in order to “separate the ecosystem and open source project from Blockstack PBC” – the company that built the original protocols.
The mainnet for Stacks 2.0 launched in January 2021.
If you’re not familiar with blockchain technology, it can be challenging to understand what COTI is and does. This guide will break down the basics of blockchain technology and explain how COTI uses it to create a better payment system. We’ll also discuss some of the benefits that COTI offers over traditional payment methods.
The guide gives a clear picture of Vega Protocol that strives to be one of the core infrastructures of decentralized finance, just like Ethereum. It aims to build tools that guarantee the freedom to trade and make that freedom accessible to anyone on earth.