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What is Stacks?
Blockstack is the software for a user-owned internet. The current state of the internet is becoming increasingly more susceptible to hacking. And with most user data kept by a few large players in centralized storage, security has become a prevalent issue. Blockstack solves this by providing any user wanting to access the internet the capacity to run decentralized apps locally on their personal hardware. This enables them to own their data, whether it’s photos, financial data, or even healthcare records.
After downloading the Blockstack browser, users create an account id, which acts at their public key and is the only account they’ll ever need to create. Data is easily stored locally or can be connected to the user’s choice of hosting providers, with the ultimate goal of total user control. The STX token is the “gas” for transacting on Blockstacks. Users can earn tokens by using the platform, and developers are incentivized to build decentralized apps. The STX token was the first to ever receive SEC qualification ahead of their initial coin offering.
Blockstacks uses the Bitcoin whitepaper as it’s guiding principle; the Stacks blockchain lies on top of the bitcoin blockchain and builds on it. Rather than adding another proof of work chain, and to avoid further energy draws, the Stack Blockchain uses Proof of Transfer to re-use already mined Bitcoin to secure the chain. In this way, the creators of Blockstacks are creating a new, decentralized internet.
Stacks Market Price Ticker Chart
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Stacks Frequenty Asked Questions
Where does Stacks (STX) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, Stacks currently ranks in position 61 out of the top 1000 cryptocurrencies. Another important factor in popularity is Stacks‘s market capitalization – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. Stacks has a market cap of $ 2,289,151,952, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 1,064,560,006,518, Litecoin at $ 18,231,356,582, Ethereum at $ 323,352,699,383, Tether at $ 52,527,953,414, and XRP at $ 74,213,943,053.
What is the price of Stacks (STX) today (updated in realtime)?
The current price of Stacks is $ 2.17 in USD. (The price in Euros is 1,80 €; and the price in Bitcoin is Ƀ 0.00003800 BTC.)
How has Stacks (STX) performed recently?
Stacks‘s price has increased in the last 24 hours by 1.87%. The change in price over the last seven days was 1.67%. The trading volume over the last 24 hours was $ 18,692,023. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds, and it is considered a good indicator of popular interest in the currency.
What is Stacks‘s (STX) market supply?
The total circulating (available) supply of Stacks is 1,052,561,462 STX. The total supply of Stacks is 1,818,000,000 STX.
What is the 24 hour volume for Stacks (STX)?
The 24 hour volume of Stacks is $ 18,692,023.
What is Stacks (STX) official website?
Stacks‘s official website, social accounts, blockchain explorer, and Github repository if applicable.
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