Stacks (formerly Blockstack) provides software infrastructure for Internet developers, including computing network and ecosystem infrastructure and developer tools for decentralized applications (dApps). It focuses on replacing reliance on centralized cloud service providers and applications that collect and profit from user information. The Stacks network allows users to own digital assets such as username, domain name, computer program directly. On the Stacks blockchain, computations are done on the edge (i.e. client devices) and applications on the platform store data separately and use the blockchain only when necessary.

Stacks makes Bitcoin programmable, enabling decentralized applications and smart contracts that inherit bitcoin ownership.

Blockchain is the most important Internet upgrade since the Internet was born more than 30 years ago. For the first time, you can use open definition and participation in digital asset protocols to unlock new business models and capabilities that were not previously possible. Bitcoin is the earliest and most secure blockchain; It offers a new kind of currency that can't be controlled or changed by either side. The Bitcoin network provides the foundation for not only bitcoin cryptocurrencies but also common settlement protocols. Blockchain supports new types of computer programs :(a) smart contracts published on the blockchain execute in a trust-free manner, where anyone can verify their output, and (b) user-owned decentralized applications that avoid the use of centralized servers. Ethereum demonstrates the power of smart contracts, and Stacks brings these capabilities to Bitcoin.

Stacks 2.0 integrates smart contracts and decentralized applications and inherently has the security, stability, and economic power of Bitcoin.

Given the argument for using Bitcoin as a value settlement standard, the first consensus algorithm between the two blockchains, called proof of Transmission (PoX, connects bitcoin and Stacks blockchains and extends the functionality of Bitcoin. The leadership election takes place on the base Bitcoin chain where new blocks are written to the connected Stacks chain. The Stacks 2.0 blockchain brings (a) scalable transactions and (b) universal intelligence to sign up with Bitcoin without modifying it. Stacks miners use Bitcoin (BTC) for a new mining cast stack (STX). Stack holders can lock in their STX in consensus to earn Bitcoin, making STX a unique crypto asset that is priced at BTC and offers BTC yield. Clarity is a secure and predictable smart contract language that goes live with Stacks 2.0 for mainnet launch. It was developed over the past two years by scientists at Princeton University and the Massachusetts Institute of Technology. Clarity makes smart contract errors more difficult and allows developers to write logic directly around bitcoin status. It is believed that introducing smart contracts directly into Bitcoin could make BTC more valuable as it can be used for productive purposes rather than as a passively held asset. Stacks cryptocurrency is distributed to the public through the first ever SEC, a 2019 qualifying token offering. Stacks (STX) is used as fuel for Clarity smart contracts.

The basic use case for Stacks cryptocurrency (STX) is to pay for network activity and contract execution. STX owners can also lock their holdings on the network (an operation called "stacking") to support the Consensus mechanism of the Stacks blockchain. Stack participants can earn Bitcoin (BTC) rewards.

Proof of Transmission (PoX) Consensus Stacks Network runs on top of the Bitcoin blockchain and leverages its proof of Work (PoW) security model. The Hiro PBC team chose this approach because bootlifting PoW networks is difficult and time-consuming, and directly competes with Bitcoin for mining resources. Rather than directly mimicking bitcoin's success, Blockstack miners participate in the transfer-proof consensus model, in which miners give up their BTC as the economic cost of participation (similar to the cost of electricity and equipment in traditional mining). If a fork occurs (if two different miners propose valid blocks at the same time), the Stacks client will need to ultimately choose the longest fork as the valid chain. The design is similar in nature to Bitcoin, where the fork that accumulates the most "work" is considered the correct chain. The leaders chose to compare themselves to other participants, and as the number of bitcoins the miners burned increased, so did the likelihood of winning the right to mine the next block (and receiving the block award and any attendant transaction fees). At a more granular level, Stacks determines the next block via a verifiable random function (VRF). VRF ensures that the miner selection process remains random and impractical for the game.

Stacks makes Bitcoin's $760B capital programmable through smart contracts. Build a better financial system on top of Bitcoin that is open, composable and without intermediaries. 2. More secure Smart contracts Use Clarity smart contracts to run application logic on the blockchain. Clarity is a more secure and predictable language that protects against many errors and exploits. Ideal for high-risk code that cannot be selected incorrectly.

1.DeFi domain users can execute smart contracts while enjoying bitcoin's expanded features. 2.Stacks Blockchain provides the user with the advantage of enjoying the combined functionality of two separate blockchains per transaction. 3. Some of the rewards programs offered by the network are often offered in conjunction with Bitcoin. Members of the Stacks blockchain have the opportunity to earn rewards via Bitcoin, rather than any other token that forces them to subsequently convert it to Bitcoin.

Temporarily lock STX to support network security and consensus. As a reward, the miner will receive the bitcoin transferred as part of the transfer certificate.

The Stacks blockchain's capabilities underpin its future. It offers users the possibility to earn BTC by participating in the network, which is a very attractive feature of the network. Stacks (STX) features unique features that allow users to combine smart contracts with Bitcoin features, and Stacks' service will facilitate the adoption of Bitcoin in the cryptocurrency industry.

Stacks (STX) The original V1 version of Blockstack is designed to build a distributed computing network. The project was established in 2015 and raised $52 million in November 2017. In July 2019, the SEC approved its token offering plan for compliance, becoming the first company to carry out token sales in compliance. In October 2019, binance was first launched. On January 15, 2021, Stacks 2.0, developed by Blockstack, officially launched. The project shifted to bringing smart contracts and applications into the Bitcoin ecosystem with the launch of PoX Consensus mechanism, connecting the Bitcoin chain and Stacks chain. Stacks 2.0 strives to innovate around the Bitcoin settlement protocol while not changing bitcoin itself, enabling native Bitcoin smart contracts and decentralized applications. In the long term, it has some promise as a new way to introduce bitcoin to DeFi. Stacks bonus halves every 4 years to 125 STX per block and stays the same. Currently the bonus is 500STX with a block produced every 10 minutes and is expected to reach the ceiling of 1.818 billion by 2050. Investors include more than 800 funds and individual investors, including USV, Winklevoss Capital and Real Capital. Can stay tuned.