✅ The Stacks Ecosystem is formerly known as Blockstack.
✅ Stacks makes Bitcoin programmable, enabling decentralized apps and smart contracts that inherit all of Bitcoin’s powers.
✅ Stacks ($STX) is the currency used on the Stacks blockchain. It is fuel for smart contracts and applications on Bitcoin. ✅ Stacks (STX) the digital token was the first regulated cryptocurrency in the crypto space. SEC Approved 👨🏻⚖️, it has since been no longer treated as a US Security due to decentralization measures put in place. ✅ Stacks enables you to earn Bitcoin through Stacking. ✅ Stacks is on Coinbase Custody. 🚀 ✅ Stacks is one of the best hidden gems 💎 in crypto. (Read below on why?)
Stacks makes Bitcoin programmable, enabling decentralized apps and smart contracts that inherit all of Bitcoin’s powers. Our thesis is that successful experiments from various blockchains will eventually get created on Bitcoin. The network effects of Bitcoin mean that smart contracts around Bitcoin have access to more crypto capital and benefit from higher security. We believe that Bitcoin can be the foundation for a better user-owned internet much like TCP/IP for the traditional internet.
Bitcoin is the crypto asset most people want to hold, and for good reason. Bitcoin is the most secure blockchain, and the hardest money we've seen in human history. Wall Street, institutional investors, and large corporations will continue entering the space and putting it on their balance sheets, like Elon Musk purchasing $1.5B to fortify Tesla's treasury. We believe the native connection created between Stacks and Bitcoin can unlock (a) a Bitcoin-based crypto economy and (b) a crypto web directly on the secure foundation of Bitcoin. We believe this convergence will carve out space for BTC to become a new source of liquidity and the be the default reserve asset for DeFi.
By enabling users to earn Bitcoin and developers to extend Bitcoin without modifying it, we unlock the potential of the $1 Trillion+ in capital and 130 exa-hashes per second (security) already on Bitcoin.
Did you know that Stacks is owned by reputable investors such USV, the Winkelvoss twins, Naval Ravikant, Grayscale, Harvard and more! See below 👇
Bitcoin Billionaires The Winklevoss Twins Back Blockstack Initial Coin Offering
Harvard Endowment invests in Blockstack cryptocurrency tokens
Union Square Ventures, a top US fund that was an early investor in Twitter, Coinbase, Twilio etc, recently published their thesis for Stacks 2.0. USV said that "we are excited to support the launch of Stacks 2.0 through participating in the consensus algorithm."
https://twitter.com/albertwenger/status/1339262016276541445?s=20
One of the novel features of the Stacks blockchain is not only its connection to Bitcoin as a settlement layer, but also the native implementation of Stacking at the protocol level.
Stacking is locking your STX temporarily to support the network’s security and consensus. As a reward, you’ll earn the Bitcoin that miners spend as part of Proof of Transfer.
Stacking is possible as an individual if you meet the dynamic threshold (~90,000 STX), but there are also several options for joining a Stacking pool that have a much lower minimum.