Buy Stacks

Stacks is a crypto project that aims to improve the Bitcoin blockchain by enabling the possibility of dApps and smart contracts on Bitcoin. It solves the problem of limited functionality on the Bitcoin blockchain by adding an extra layer that supports smart contracts and dApps without changing the core of Bitcoin. This makes Stacks an important platform for users and developers who want to benefit from both Bitcoin's reliability and smart contract functionality.

Stacks enables modular dApps, allowing developers to build upon any application built on the Stacks network. This results in a rich, interconnected application layer on top of Bitcoin. The security of these dApps is directly backed by the Bitcoin network. Several products and features are available on Stacks, such as Gamma, an NFT marketplace, Gaia Storage System, a decentralized cloud storage, and more.

The STX token plays a central role in the Stacks ecosystem. It is used for transaction processing, smart contract execution, and forms the basis for interactions within the Stacks network. The network uses the unique Proof-of-Transfer (PoX) consensus mechanism and the Clarity programming language, designed specifically for Stacks.

Who founded Stacks?

Stacks was founded in 2013 by Ryan Shea and Muneeb Ali and originally launched as Blockstack. The project is currently managed by the Stacks Foundation, an independent entity dedicated to advancing the Stacks ecosystem. The founders, both with technical backgrounds, have assembled a team of over 100 members who are collectively focused on realizing Stacks’ mission.

Stacks has several features and can be used for the following applications:

• Creating smart contracts on Bitcoin: Stacks brings smart contract functionality to Bitcoin, enabling a wide range of new applications without changing the core features of Bitcoin.
• Developing dApps on Bitcoin: Developers can build decentralized applications (dApps) that can benefit from the security and reliability of the Bitcoin blockchain.
• Creating and trading NFTs: Stacks enables the creation and trading of non-fungible tokens (NFTs) and other digital assets on the Bitcoin blockchain.
• Access to DeFi: By supporting smart contracts and dApps, Stacks opens the door to various DeFi applications on the Bitcoin network.

Stacks is a powerful platform for developing dApps and smart contracts on the Bitcoin blockchain.

Proof-of-Transfer (PoX)

Proof-of-Transfer is the first consensus mechanism that allows for two blockchains to work together. This mechanism ensures that miners and stackers, both active in the network, know how to correctly process transactions and add blocks to the correct blockchain. With PoX, cryptocurrencies from other networks, such as Bitcoin, can be staked on Stacks to participate in the consensus.

Stacking

A unique feature of Stacks is the Stacking mechanism. This allows STX holders to stake their tokens to participate in the network and be rewarded directly with Bitcoin. This incentivizes participants to contribute to the security and efficiency of the network.

Stackers create blocks on the Stacks blockchain containing information such as user data, transactions, and metadata. The resolution of these blocks is then stored on the Bitcoin blockchain. For each block added, Stackers receive a reward in Bitcoin. These rewards are paid out once per stacking cycle, which is approximately once every 7 days.

Clarity smart contracts

Clarity is a language designed by Algorand for writing secure and predictable smart contracts on Stacks. It enables direct interaction with Bitcoin and allows developers to implement complex logic without the risks and vulnerabilities often associated with smart contracts.

Gaia Storage System

Gaia is Stacks’ decentralized storage system that gives users control over their own data. It uses existing cloud storage infrastructure, but adds a layer of privacy and security on Stacks’ behalf.

The STX token is the cryptocurrency of Stacks and plays a central role in the ecosystem. First, it is used as fuel to execute smart contracts and process transactions within the Stacks network, making all operations efficient and secure.

Additionally, STX is essential to the unique Proof-of-Transfer (PoX) consensus mechanism, which allows users to stake STX and earn rewards in Bitcoin. This incentivizes active participation and support of the network. The maximum supply of STX tokens is set at 1.8 billion.

Stacks stands out by making DeFi possible on Bitcoin. The project has several unique features and characteristics, such as:

• Smart contracts on Bitcoin: Stacks enables the development of smart contracts on Bitcoin, something that is not natively possible within the Bitcoin ecosystem. This unique combination provides additional flexibility and security.
• Proof-of-Transfer (PoX): The Proof-of-Transfer consensus mechanism is unique and allows users to stake STX tokens and earn rewards in Bitcoin, where it was originally not possible to earn Bitcoin from staking.
• Clarity language: Stacks uses Clarity as the programming language for smart contracts, allowing complex functions and logic to be implemented safely on the Bitcoin blockchain.
• DeFi on Bitcoin: Stacks is one of the few projects that brings DeFi to the Bitcoin blockchain.

Stacks (STX) can be purchased via Bitvavo, a platform suitable for both novice and experienced traders. Follow these steps to purchase STX on our website or mobile app:

1. Register or log in to your Bitvavo account.
2. Make a deposit by clicking "Deposit".
3. Visit the Stacks purchase page.
4. Enter the desired amount in euros or enter the number of STX tokens you wish to buy and confirm by clicking "Buy".

The price of Stacks tokens depends on the current market value. After purchase, your STX tokens will be automatically added to your Bitvavo account, where you can easily manage and trade your tokens to quickly respond to price changes and market changes.

Stacks tokens are stored securely in your Bitvavo account, where they are managed offline in cold storage. Activating two-factor authentication (2FA) is recommended for an additional level of security for your account.

If you prefer personal storage, most software and hardware wallets support Stacks. You can buy STX and move them to your own wallet by first linking your wallet address to your Bitvavo account, giving you full control over your coins.