STX $STX
why stx ?
Ever wondered if there is any way to bring decentralized applications to Bitcoin? The people behind Stacks crypto project certainly did, with the successful launch and development of Stacks network. Stacks is a unique layer2 network that enables decentralized applicationdevelopment and smart contract support on the Bitcoin blockchain.Stacks is one of the top Bitcoin layer2 networks that enhances the capabilities of Bitcoin, making it compete with upcoming blockchains. If you wonder how does it even possible and how Stacks works on Bitcoin, this is the article for you. Keep reading to learn more about Stacks!What is Stacks (STX) in Crypto?Stacks, formerly known as Blockstack, is probably one of its own kind of network set out to revolutionaize the original Bitcoin blockchain network in unexpected ways. It is an open-source network and operates in parallel with Bitcoin blockchain, just like other sidechains and drivechains of Bitcoin, and brings advanced blockchain functionalities like smart contracts onto the blockchain.While other Bitcoin layer2 networks like Lightening Network reduces transaction processing times and reduce costs, Stacks allows developers to build dApps on Bitcoin. However, Stacks works on a different consensus mechanism called Proof-of-Transfer and has its own programming language called Clarity language. But, because the Stacks network is directly connected to the Bitcoin base layer, all the transactions that take place on Stacks are recorded directly on the Bitcoin blockchain.
