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stacks

stacks

Stack connects to Bitcoin enabling to build apps, smart contracts, and digital assets.

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Company Info

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.

Details: 

  • Native Token: STX
  • Founders: Muneeb Ali and Ryan Shea
  • Founded Year: 2013
  • Headquarters: Anaheim, California, United States.

Key Features:

  • Utilized Proof of Transfer (PoX) that allows miners to commit Bitcoin to earn STX tokens.
  • Stacks enables the creation of NFTs and other types of digital assets that are directly associated with the Bitcoin blockchain.
  • Offers fast and scalable transactions that helps to maintain higher transaction throughput and scalability.

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

1. Who is the founder of Stacks?

Muneeb Ali and Ryan Shea founded Stacks in 2013.

2. Which is the native token of stacks?

STX is the native token for stacks

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HeadquartersUnited States
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