About Stacks

What is the Stacks price today?

The STX price is currently $0.48. The price of Stacks is -6.18% over the last 30 days. You can use the live Stacks chart to track the STX/USD price in real time above, or compare the Stacks value today to its past performance using the Stacks price history tab at the top of this page.

What is the total supply of STX?

The circulating supply is 1,411,354,770.61 STX, out of a total maximum supply of 1,818,000,000.00 STX.

What is the price prediction for Stacks?

The average Stacks price prediction values the coin at $0.30 by the end of 2023. Things like the economic climate and the crypto market as a whole can all have an impact on the price.

It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin.

What is Stacks?

Stacks is a platform for building decentralised applications on top of the Bitcoin blockchain. It works like a translator, allowing those apps to benefit from the security and privacy that the blockchain provides. Anyone who holds STX, the cryptocurrency that powers the platform, can earn interest that’s paid in Bitcoin.

How does Stacks work?

By using something called ‘proof of transfer’, or PoX, to bind itself to the Bitcoin blockchain. Instead of needing new ‘miners’ who use their computing power to create new blocks, PoX essentially pays existing Bitcoin miners to get the benefits of their work already.

How is the Stacks network secured?

Stacks is built on top of the Bitcoin network and uses a consensus algorithm called Proof of Transfer (PoX). This involves other users on the network locking up Bitcoin as collateral to validate new blocks on the Stacks blockchain. This means that the security of the Stacks network is directly tied to the security of the Bitcoin network.

What is Stacks used for?

Stacks has its own blockchain, which acts like a layer on top of Bitcoin so that developers can create apps. It’s created its own programming language to make the process as simple as possible.

Why does STX have value?

Many platforms offer incentives to users who hold a cryptocurrency in the form of interest but usually, it’s paid in kind. Stacks, meanwhile, offers up Bitcoin as a reward instead.

The other aspect that makes Stacks stand out is that it combines the features of Ethereum – essentially the ability to build apps on top of it as if it were an alternative internet – with the extreme security and payment mechanism of the Bitcoin blockchain. Most other platforms do the reverse: start with the app platform and try to increase security or add payment features on top.

Who created Stacks?

Stacks was created by a team of developers led by Muneeb Ali and Ryan Shea in 2017. The Stacks team has a background in computer science and blockchain technology and raised $50 million shortly after releasing the project’s whitepaper.

Where can I buy Stacks?

You can buy Stacks on a crypto exchange. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock platform.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

Are there any other ways to invest in Stacks?

The simplest way to invest in Stacks is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies, more suited to high net worth individuals.

Are there any Stacks alternatives?

Many crypto platforms offer something similar to the Stacks network and you can find a selection of the best alternatives below.

• Crypto.com. Offers staking on more than 100 cryptocurrencies.
• Binance. Allows you to stake over 300 different digital assets.
• Nexo. Automatically pays staking rewards on over 30 cryptocurrencies.

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• Cryptocurrency staking calculator
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