What is Stacks and How Does It Work?
Highlights Stacks enables Bitcoin-compatible smart contracts and decentralized applications. The Proof-of-Transfer (PoX) consensus mechanism ensures network security. Stacks facilitates diverse use cases like DeFi, NFTs, and decentralized identity. Have you ever considered the possibility of bringing decentralized applications to Bitcoin? The innovators behind the Stacks crypto project certainly have achieved this through the successful launch and development of the Stacks network. Stacks is a distinctive layer-2 network that facilitates the development of decentralized applications and supports smart contracts on the Bitcoin blockchain. As one of the leading Bitcoin layer-2 networks, Stacks enhances Bitcoin’s capabilities, positioning it competitively against emerging blockchains. If you are curious about how this is feasible and how Stacks operates on Bitcoin, this article will provide comprehensive insights. Continue reading to learn more about Stacks. What is Stacks? Operating in p