Stacks (STX): A Bitcoin Layer for Smart Contracts
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There are a large number of cryptocurrency platforms on the market, some of which are far more valuable and important to the industry than others. Among the most important platforms for this industry is Stacks, an open-source Bitcoin network that's designed specifically to provide Bitcoin with smart contracts and decentralized applications, also known as DApps.
While Bitcoin and Stacks are essentially two completely separate blockchains, they work together. If you're thinking about investing in the STX token and want to know more about this Bitcoin network, the following guide offers an extensive overview of what Stacks is and the benefits it provides.
Key Takeaways:
- Stacks is a popular cryptocurrency project that aims to enhance the Bitcoin blockchain by facilitating DApps and smart contracts on the Bitcoin platform.
- Stacks is known to be a Bitcoin layer that shares some components with other Layer 1 and Layer 2 blockchains. To most users and developers, Stacks can be called a Bitcoin L2 blockchain, as it’s anchored directly to Bitcoin.
- Looking to trade STX? Bybit now offers the STX/USDT Spot trading pair.