Stacks to Be Listed on Whitebit

Stacks is set to be listed on the Whitebit exchange.

Refer to the official tweet by STX:

STX Info

Stacks, previously recognized as Blockstack, is an innovative layer positioned atop Bitcoin, specifically engineered to facilitate smart contracts and decentralized applications (DApps). Its distinct proposition is to capitalize on Bitcoin’s robustness and security, enabling these applications and contracts to interact with Bitcoin as a foundational asset and commit their transactions directly to the Bitcoin blockchain.

The operational mechanics of Stacks are underpinned by several key components. Primarily, it integrates the “Proof of Transfer”, a novel consensus model that harnesses the robustness of Bitcoin’s Proof of Work, achieving both scalability and decentralization without amplifying the environmental footprint. In tandem with this, Stacks incorporates “Clarity”, a predictable and security-centric smart contract language. Additionally, sBTC, another major element, fortifies smart contracts on Bitcoin, leveraging the immense hash power of the Bitcoin network and offering an avenue for direct contract interactions with the Bitcoin blockchain.

The Stacks token (STX) is the central element of the platform, it can be used to activate smart contracts, process transactions and register new digital assets on the Stacks 2.0 blockchain.