Stacks
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.