What is Stacks
¿What is Stacks?
Stacks is a reconciliation network, built on a layer 1 blockchain.
It is run to generate smart contracts and decentralized applications (dapps) to Bitcoin.
These smart contracts are added to Bitcoin without the need to modify any of the elements that make them highly strong, including their robustness and security.
This platform was developed by a company known as Blockstack PBC, located in New York.
¿What does it offer?
Stacks (STX), offers the benefits when it comes to linking smart contracts (intelligent contracts) with the operation of Bitcoin.
Also, it offers to promote the acquisition and management of Bitcoin, in the cryptocurrency market.
¿How does it work?
The stacks network works by attracting applications generated on other platforms, incorporating apps with ERC – 20 specifications to the Bitcoin network.
This network works in a flexible way for both common users and platform developers.
At the same time, it gives us more elements, such as the reengineering of contemporary apps to fine-tune or correct them.
This process gives them access to perform actions that would not usually be possible for a single dapp or decentralized application.
The network works with a currency known as STX, which drives the creation of smart contracts, develops and executes transfers in the network and tracks digital assets in the blockchain stacks 2.0.
¿How is Stacks regulated?
Being a decentralized network, there are no financial entities that regulate them.
¿Why do people use Stacks?
People use the stack network, since its Blockchain gives users the quality of enjoying the coordinated characteristics of two autonomous blockchains in each operation.
Also, users of the stack blockchain have the opportunity to generate incentives in BTC, instead of any token that requires them to exchange it later for Bitcoin.
¿How is Stacks different from other platforms?
Unlike other platforms, the Stacks network aims to obtain one of the main qualities of Bitcoin and implement an extension of functionality.
Depending on the network, it offers this service without the need to change the main blockchain.
The network can execute this action by launching into the bitcoin blockchain firsthand.
Via its proof-of-transfer consensus algorithm, this prompts miners to liquidate or pay with bitcoin for new ones.
Stacks platform users can extend their STX tokens to generate reward in the form of BTC.
¿Where can i buy it?
One of the ways where you can buy STX is through Binance as it has a lot of tradable variety in the trade, you can exchange a cryptocurrency, fiat cryptocurrencies or just use a debit or credit card to buy the stablecoin, deposits are also allowed banking.
https://www.binance.com/
¿Where to find more information?
For more information such as movements, prices, explorers, contracts and more, you can visit the following link:https://coinmarketcap.com/
¿Did you know that you can buy and sell USDT and BUSD online thanks to Gastcoin Gateway?
