Stacks is a layer-1 blockchain alternative designed to enable smart contracts and dApps on Bitcoin. The smart contracts enabled by Stacks are added to Bitcoin without modifying any details that help make it potent, stable, and secure. The platform’s primary goal is to maximize Bitcoin’s peak performance. Stacks is committed to creating a solution that protects confidentiality by allowing only customers to govern their information.
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History of Stacks: The project was developed by New York-headquartered Blockstack PBC. The framework was previously known as Blockstack, but in the 4th quarter of 2020, it was renamed Stacks. In order to distinguish the platform and open-sourced programme from Blockstack PBC, the protocol was initially funded by eminent VCs, including Y Combinator, Digital Currency Group, and Winklevoss Capital.
FAQs
Muneeb Ali and Ryan Shea founded Stacks in 2013.
STX is the native token for stacks
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Headquarters | United States |
Number of Employees working in the company | -- |
Last updated annual revenue of the company | -- |