Stacks (STX)
| Market Cap | $330,367,763 |
|---|---|
| Trading Volume | $13,905,415 |
| Volume / Market Cap | 0.0421 |
| Total Supply | 1,352,464,600 STX |
| Max Supply | 1,818,000,000 STX |
Stacks is currently trading at $0.2443, after a price change of 2.47% in the last 24 hours.
Ranked as cryptocurrency #86 by capitalization today, STX market cap is valued at $330,367,763. STX trading volume reached $13,905,415 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on STX coin price prediction page.
What is Stacks?
Stacks is a blockchain protocol that brings smart contracts and decentralized applications to Bitcoin. Stacks operates on top of the Bitcoin blockchain and is secured through the proof-of-work consensus algorithm.
The protocol, formally known as Blockstack, also runs on its consensus algorithm called the proof-of-transfer. PoX connects bitcoin and Stacks blockchains to enable miners to pledge BTC for an opportunity to earn STX. Stacks uses Clarity programming language based on unambiguous syntax for enhanced security in smart contracts. The protocol offers the infrastructure and developer tools to support decentralized applications.
STX is the primary token powering Stacks. There are 1.3 billion circulating STX from a total supply of 1,352,464,600 and a maximum supply of 1,818,000,000 tokens. STX is used in implementing smart contracts, transaction settlements, and deploying new assets on the protocol. STX holders can also stack their tokens to earn bitcoin.
Muneeb Ali and Ryan Shea created stacks in 2013. Blockstack PBC, the company behind the project, was rebranded to Hiro PBC and is currently based in New York City.