Stacks stx

Stacks is a blockchain solution designed to bring smart contracts and decentralized applications (DApps) to Bitcoin (BTC). Apps built on Stacks inherit all of Bitcoin’s powers. Since Stacks generally uses Bitcoin as base layer, everything happening on the network is settled on most widely used & arguably the most secure blockchain in operation which is Bitcoin. The platform is powered by a token named Stacks(STX), which is used to fuel the execution of smart contracts, process transactions, and register new digital assets on the Stacks blockchain. The platform was originally known as Blockstack but was rebranded to Stacks in Q4 of 2020

In the beginning Stacks was funded by a range of major venture capital funds, including Digital Currency Group, Y Combinator, & Winklevoss Capital. Development by Blockstack PBC, which has its headquarters in New York. Blockstack PBC now operates under Hiro Systems PBC and joins a wide range of companies building on Stacks' platform. Muneeb Ali and Ryan Shea founded Blockstack PBC. Muneeb Ali graduated from Princeton University with an MA & Ph.D. in computer science, co-founded Stacks in 2013 and has been working with the platform today as the CEO of Hiro Systems PBC. The 2nd co-founder of the platform, Ryan Shea, also served as co-CEO between 2013 & 2018 before disembarking from the project to pursue other projects & ventures

The main reasons to invest in Stacks include: Stacks looks to take what makes Bitcoin so powerful & extends it with additional functionality without needing to fork or change the original Bitcoin blockchain. STX token holders can stack (not stake) their tokens & earn Bitcoin as reward. Stacks would introduce a new smart contract programming language known as Clarity, which is designed to be both secure & easy to build thanks to its unambiguous syntax. Stacks was the first cryptocurrency to receive SEC qualification for sale in the United States, allowing it to launch a $28 million Reg A+ sale cash offering for its STX tokens in July 2019