What kind of currency is STX coin? Introduction to the official website, circulation and trading platform of STX coins

Stacks (STX) enables the integration of smart contracts and decentralized apps with the Bitcoin network, connecting it to the broader blockchain ecosystem.

Oct 06, 2024 at 09:41 pm

What is STX Coin?

Stacks (STX) is a cryptocurrency and blockchain platform that brings smart contracts and decentralized applications (dApps) to the Bitcoin (BTC) network. STX is the native token of Stacks.

Official Website:

• [Stacks](https://stacks.co/)

Circulation:

• As of February 2023, the circulating supply of STX is approximately 1.286 billion tokens.
• The total supply of STX is 1.818 billion tokens.

Trading Platforms:

STX coins can be traded on various cryptocurrency exchanges, including:

• Binance
• Coinbase
• FTX
• KuCoin
• Gemini

Uses of STX:

• Transaction fees: STX is used to pay transaction fees on the Stacks blockchain.
• Staking: STX holders can stake their tokens to earn rewards and support the network's security.
• Smart contracts: Developers can create and deploy smart contracts on Stacks using the Clarity language.
• Decentralized applications: Stacks enables the development and deployment of dApps on the Bitcoin network, extending its functionality.

Advantages of STX:

• Links to Bitcoin: Stacks builds on the security and decentralization of the Bitcoin blockchain.
• Smart contracts and dApps: It brings smart contract functionality and dApp development to Bitcoin.
• Consensus mechanism: Stacks uses a Proof-of-Transfer (PoX) consensus mechanism, which is energy-efficient and protects against 51% attacks.
• Interoperability: It enables the interoperability of Bitcoin with other blockchain ecosystems, such as Ethereum.