Stacks (STX) is a leading Bitcoin Layer 2 (L2) that has been gaining attention in the digital asset ecosystem. At its core, Stacks is designed to provide a smart contract layer for Bitcoin, enabling decentralized applications (dApps) and smart contracts to settle directly on the Bitcoin blockchain.
This innovative approach effectively turns passive store of value into productive capital, making it an attractive option for participants exploring the global digital asset ecosystem. By using a novel consensus mechanism called Proof of Transfer (PoX), Stacks brings expressive functionality to Bitcoin without requiring any modifications to the original Bitcoin protocol.