STX: Solve Layer 2 of Bitcoin for smart contracts

Network Stacks places itself as a bitcoin 2 -layer transformational solution (BTC), and integrates the capabilities of smart contracts and decentralized applications (DAPS) into Blockchain Bitcoin. As mentioned before Blog.bitfinex.comStacks is designed to take advantage of the inherent safety of Bitcoin and durability while providing features that are often linked to platforms like ETHEREM.

Bitcoin strengthening with layer technology 2

It acts as an independent layer, the stack allows developers to build on Bitcoin without changing its basic structure. This provides an extended environment that takes advantage of decentralization in Bitcoin and unreliable nature. Stacks offers an independent symbol, STX, which stimulates the production of mass and network maintenance, distinct from the basic series of Bitcoin. This model treats the need to verify stimulating health, maintain the simplicity of bitcoin in the basic layer.

Unlike other expansion solutions such as the Lightning Network, Stacks maintains a permanent state, which is necessary for applications that require data consistency, such as smart contracts, contrasting with the design of transactions that focus,

Bitcoin in decentralized financing (Defi)

Stack Bitcoin’s function turned into fruitful assets in the DEFI space without the occurrence of third -party parties or the assets packaging on chains other than Bitcoin. By consolidating Bitcoin and using the brown incentives based on the distinctive symbol, Stacks expands the role of Bitcoin from a valuable store to a base for decentralized financial products. This preparation promotes innovation on Bitcoin without providing the risks of complexity and safety to add programming directly to the basic Bitcoin protocol.

STX icon role

The STX is essential for the stack ecosystem, providing incentives and resources for the network’s participants to secure and develop the Layer-2 platform. Unlike Bitcoin, StX supports Stacks and economic incentives, including network insurance by proving transportation (POX). STX holders can “accumulate” symbols to earn Bitcoin bonuses, help maintain Stacks Blockchain and support the ecosystems of the 2 layer of Bitcoin.

STX is very important to implement transactions and spread smart contracts on chimneys, and cover transactions to ensure network and safety. This reflects the use of ETHEREUM for ETH for gas fees, making STX an integral part of the network functions and benefit.

STX TOKENOCS

It was launched in 2021, the STX symbol started with a preliminary supply of 1.32 billion symbols, strategically distributed to enhance the growth of the ecological system. The allocation guarantees a symbolic sale of 2017, contributions to the Stacks Ecosystem box, Hiro PBC, and the Stacks Foundation. The inflation rate, which was initially determined by 10 %, is scheduled to decrease by 0.5 % annually until it stabilizes by 2.5 %, with the aim of rewarding the first adoption while maintaining the supply of the controlled code.

It stimulates the distinctive symbol structure that can be predicted and supports the growth of the sustainable ecosystem, and the placement of chimney as a flexible powered by an axiotherapy innovation.

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