What Is Stacks? Features and Tokenomics | CoinMarketCap

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.Stacks has generated a lot of attention ever since Bitcoin Ordinals have appeared in crypto. Some consider Stacks to be a layer-two solution for $BTC. However, it is more accurate to call it a layer-one blockchain anchored to the Bitcoin network. 🔎

, where users can use Bitcoin as money and the Bitcoin blockchain for settlement of identity or application data.

The PoX consensus mechanism used by Stacks involves miners who spend Bitcoin to bid for becoming the leader in mining the next block and earn new Stacks tokens. There are also stackers who signal their support by stacking STX tokens and earning bitcoins. The leader election happens on the Bitcoin blockchain. Mined BTC serves as proof of computation.

 

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Stacks

Stacks

Stacks Whatever it is, it’s bringing actual utility to Bitcoin!

Stacks Thanks for the coverage of Stacks. That said, your reporting on what is and isn’t an L2 is riddled with errors and misconceptions.

Stacks Free BNS domain !!!🆘🆘🆘

Stacks This article is full of errors. Please correct them ASAP. I’m not the CEO of Hiro and I’m certainly not (and never have been) a board member of the Stacks Foundation.

Stacks following the nakamoto release later this year Stacks will become a full L2 to Bitcoin.

Stacks 🥳🥳

Stacks Couple factual errors 🙏🏽 Jude is neither a co-founder, nor employed at Hiro. Microblocks have been in Stacks since day 1 (mainnet launch in Jan 2021)

Stacks We can see one of our avengers tweet there louiseivanvp

Stacks Lfg Stacks

Stacks Right on 👏👏👏

Well, I guess it's true what they say - there's no such thing as bad press! Stacks BitcoinOrdinals

Stacks To the Moon🚀🚀🚀

Stacks don't forget to mention about .btc domains bns_dao

Stacks I agree.🔥

Stacks 🔥🔥🔥

Stacks welp, CMC earned a follow from me....somehow.

Stacks Ready for generational $WELSH Communitywelsh corgilovers corgis

Stacks Communitywelsh WELSH

Stacks 🚀🌕.BTC

Stacks 🚀🚀

Stacks 🍕 + Bitcoin

Stacks 💯

Stacks because its Future

Stacks We see you 👀 So when coinmarketcap.btc?

Stacks There is aanother „L2“ (or L0.5) for BTC aaaaand ETH, guys. Check defichain 🤫

Stacks Ok great, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals!

Stacks Brilliant, but using ChiefraFba for signals and analysis

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