Proof of Transfer (PoX) protocol
Overview
Proof of Transfer (PoX) is a consensus mechanism used by the Stacks blockchain that anchors to Bitcoin. Miners spend Bitcoin to propose new blocks, and those bitcoins are transferred to eligible Stackers (STX holders) who lock their tokens. This mechanism aligns incentives between the two blockchains without modifying Bitcoin.
Within the DeFi Intel graph, Proof of Transfer (PoX) connects to 2 tracked entities, most strongly to Stacks, Bitcoin.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
integrates | Stacks | 95% |
built_on | Bitcoin | 90% |
Frequently asked questions
What is Proof of Transfer (PoX)?
Proof of Transfer (PoX) is a consensus mechanism used by the Stacks blockchain that anchors to Bitcoin. Miners spend Bitcoin to propose new blocks, and those bitcoins are transferred to eligible Stackers (STX holders) who lock their tokens.
What chain does Proof of Transfer run on?
Proof of Transfer is built on Bitcoin and used by the Stacks blockchain.
How does Proof of Transfer align incentives between blockchains?
Proof of Transfer aligns incentives between the Stacks and Bitcoin blockchains by having miners spend Bitcoin to propose new blocks, with those bitcoins transferred to eligible Stackers who lock their STX tokens, all without modifying Bitcoin.