Stacks protocol
Overview
Stacks is a Bitcoin layer-2 protocol that enables smart contracts and decentralized applications to use Bitcoin as a secure base layer. It uses a unique consensus mechanism called Proof of Transfer (PoX) to settle transactions onto the Bitcoin blockchain. The native token, STX, is used for transaction fees and to participate in consensus.
Within the DeFi Intel graph, Stacks connects to 5 tracked entities, most strongly to Bitcoin, Hiro PBC, sBTC.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 5 of 5 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Bitcoin | 95% |
settles_to | Bitcoin | 95% |
developed_by | Hiro Pbc | 95% |
issues | Sbtc | 95% |
backed_by | Usv | 85% |
Frequently asked questions
What is Stacks?
Stacks is a Bitcoin layer-2 protocol that enables smart contracts and decentralized applications to use Bitcoin as a secure base layer.
What consensus mechanism does Stacks use?
Stacks uses a unique consensus mechanism called Proof of Transfer (PoX) to settle transactions onto the Bitcoin blockchain.
What is the native token of Stacks used for?
The native token, STX, is used for transaction fees and to participate in consensus.