Stacks (STX)
- Official Website: stacks.co
- Definition: Stacks is a Layer 1 blockchain that brings smart contracts and dApps to Bitcoin.
- Category: Blockchain, Layer 1 chain, Cryptocurrency.
- What It Is: A platform that enables decentralized apps and smart contracts on Bitcoin.
- Function: Extends Bitcoin’s functionality with smart contracts and dApps.
- Analogy: Think of Stacks as a plugin for Bitcoin. It adds new features without changing the core protocol.
- Pros: Bitcoin integration, strong security, growing ecosystem.
- Cons: Complexity, competition from other smart contract platforms.
- Controversies: Centralization concerns, slow adoption.
—
This page was last updated on January 28, 2025.
–