What is Stacks (STX)?
Stacks (formerly Blockstack) is a decentralized internet protocol enabling user-controlled data ownership and censorship-resistant applications. Its architecture features three layers:
- Blockchain Layer: Utilizes Bitcoin as its secure base layer
- Peer-to-Peer Network: Facilitates decentralized communication
- Data Layer: Empowers users with complete data ownership
👉 Discover how Stacks leverages Bitcoin's security
Key Features of Stacks 2.0
Built-In Privacy
- End-to-end encrypted data by default (messages, photos, health records)
- No third-party tracking or surveillance
- Users retain 100% ownership of their digital assets
Clarity Smart Contracts
- Specialized programming language for predictable execution
Enables creation of:
- Digital tokens
- NFT collectibles
- Decentralized marketplaces
Proof-of-Transfer (PoX) Consensus
- Innovative mining mechanism using Bitcoin
- Miners spend BTC to validate transactions
- Rewards distributed in STX tokens
Tokenomics of STX
| Metric | Detail |
|---|---|
| Initial Supply | 1.32 billion STX |
| Inflation Model | Gradual increase until 2050 |
| Max Supply | ~1.84 billion (adjusted target) |
| Primary Uses | Smart contract fees, transactions |
👉 Learn about STX token utility
Development Roadmap
2021 Milestones
- App Mining 2.0 incentives
- Ecosystem grants program
- Application chains for new crypto assets
2020 Achievements
- Stacks 2.0 testnet launch
- Clarity language implementation
- Ledger-compatible Android wallet
Historical Highlights
- 2019: 350+ apps in ecosystem
- 2018: Stacks 1.0 mainnet launch
- 2017: $47.5M token offering
- 2014: Y Combinator alumni project
Why Stacks Matters for Web3
- Bitcoin Integration: Leverages BTC's security for smart contracts
- True Ownership: Users control identities and data
- Developer-Friendly: Open-source tools for dApp creation
FAQ Section
What makes Stacks different from Ethereum?
Stacks specializes in Bitcoin-backed smart contracts using its Clarity language, while Ethereum focuses on general-purpose computation.
How does PoX mining work?
Miners spend Bitcoin to participate in consensus, receiving STX rewards while securing the network.
Can I run Stacks apps without special software?
Yes! The protocol works with standard web browsers, requiring no additional downloads for basic functionality.
What's the long-term vision for STX?
To become the native currency of a user-owned internet where Bitcoin serves as the foundation layer.
How do Stacks apps handle data storage?
They use Gaia storage system - encrypted personal cloud storage controlled by users' private keys.
Where can I buy STX tokens?
STX is available on major cryptocurrency exchanges that support Bitcoin-based assets.