Stacks (STX)
Basic Information
Name of Project: Stacks
Ticker: STX
About
Stacks (formerly Blockstack) seeks to power a new kind of decentralized internet, one that gives users more control over their data and makes it harder for content to be censored.It has properties such as built-in Privacy, where data in Stacks apps, such as photos, messages, health records, are encrypted by default. Apps will not be able to see, access, or track your activity. All data is owned to 100% by the user instead of the apps. Furthermore, users are free to move their data and to trade and transfer your assets — no permission from any app or company required.
Stacks's smart contracts, based on their programming language Clarity, enable new kinds of digital assets, such as tokens and digital collectibles, to be created, owned, and traded. By using Stacks apps, creators can also have a share of the value that they help create. Stacks uses a hybrid consensus mechanism, which Stacks calls Proof-of-Transfer ("PoX").
Details
Total supply: 1,818,000,000 STX
Circulating Supply: 918,007,935 STX
Other Information
Official website: https://www.stacks.co/
White Paper: https://gaia.blockstack.org/hub/1AxyPunHHAHiEffXWESKfbvmBpGQv138Fp/stacks.pdf
Disclaimer
This document is compiled from the official whitepaper and relevant documents provided by the project team to provide investors an overview of the cryptocurrency. The information contained in this document is collected legally. We make every effort to provide reliable, complete and accurate information. However, we do not guarantee the accuracy and completeness of the information. The information shall not be regarded as advice, legal proof or evidence, whether explicit or implied.
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