Stacks(STX) Explained: Everything You Need To Know Before Investing by Founder Muneeb Ali

**Stacks (STX)** is a blockchain platform designed to bring smart contracts and decentralized applications (dApps) to Bitcoin without altering the Bitcoin blockchain itself. Here's a brief overview: --- ### **Key Information:** - **Launch Date**: Mainnet launched in January 2021. - **Founder**: Muneeb Ali and Ryan Shea. - **Purpose**: Unlock Bitcoin's potential beyond a store of value by enabling smart contracts, DeFi, and NFTs on Bitcoin. - **Consensus Mechanism**: **Proof of Transfer (PoX)** - Uses Bitcoin as the base layer. Stacks miners transfer BTC to secure the network and earn STX. - **Native Token**: **STX** - **Use Cases**: Gas fees, smart contracts, staking, and earning BTC rewards. --- ### **Key Features:** 1. **Smart Contracts**: Uses a secure programming language called **Clarity**, co-developed with Algorand. 2. **Bitcoin Integration**: - Smart contracts and dApps run parallel to Bitcoin while anchored to it for security. - Bitcoin acts as a reserve currency. 3. **Decentralized Apps (dApps)**: Enables DeFi, NFTs, and more using Bitcoin as the foundation. 4. **Stacks 2.0**: Advanced features include better scalability and integration with Bitcoin. --- ### **Advantages:** - **Built on Bitcoin**: Combines Bitcoin’s security and decentralization with smart contract capabilities. - **Clarity Smart Contracts**: Predictable and secure programming for developers. - **Ecosystem Growth**: Supports apps like CityCoins and platforms like Hiro for developers. --- ### **Ecosystem**: - **CityCoins**: Tokens like MiamiCoin and NYC Coin built on Stacks. - **Apps**: Decentralized apps for identity, finance, and NFTs (e.g., StacksArt, AlexGo). Credit: @TheSlowHunch Full Podcast: https://youtu.be/E6RQ-iGUmZA?si=OiSVuouuZB8fVSrN We repurpose podcast clips to add value and share meaningful insights with audience. If you own the content and have any concerns or issues regarding the use of your video clips, please feel free to contact us for content removal request at teamsavansojitra@gmail.com We are committed to addressing your concerns promptly and respectfully.