What is Stacks?

Stacks is a decentralized computing network that aims to bring smart contracts and decentralized applications (DApps) to the Bitcoin network. Launched in 2017, Stacks utilizes the Clarity smart contract language and a unique consensus mechanism called Proof of Transfer (PoX) to enable secure and scalable blockchain development on Bitcoin.

Key Features:

• Smart Contracts on the Bitcoin Network
• Clarity Language for Predictable Contracts
• Proof of Transfer (PoX) Consensus
• Interoperability with Bitcoin
• Decentralized Applications (DApps)

Use Cases:

Stacks is used for developing secure and predictable smart contracts on the Bitcoin network, creating decentralized applications (DApps) with a focus on user ownership and privacy, enabling new token economies, and exploring innovative use cases that combine the capabilities of Bitcoin and smart contracts.