Stacks Price

Introduction to STX Cryptocurrency

STX is the exclusive token of the Stacks blockchain, used to support smart contracts and decentralized applications (DApps) running on the Stacks network. Here are some key details about STX:

1. Stacks Network: Stacks is a layer-1 blockchain designed to extend the functionality of the Bitcoin (BTC) network, supporting DeFi, NFTs, applications, and smart contracts.

2. Uses of STX Token: The STX token is the standard currency of the Stacks network, used for network operations, adding new smart contracts, rewards in the transaction process, and fee payments.

3. Mining Mechanism: The mining mechanism of the Stacks network is different from traditional POW mining, where miners participate in mining by trading already mined Bitcoins (BTC) to have a chance to earn STX tokens.

4. Security: The Stacks network ensures its security and stability by connecting with the Bitcoin blockchain.

5. Application Ecosystem: The Stacks network supports users to fully own and control their personal data, accessing applications and protocol ecosystems through the browser.

6. Issuance and Supply: The STX token was issued on July 15, 2019, with a total supply of 2,048,913,388 STX.

7. Background and Team: S (Please provide the translation only, without including the original text)