Stacks protocol
Overview
Stacks functions as a layer-2 protocol on Bitcoin, allowing smart contracts and decentralised applications to leverage Bitcoin as a foundational security layer. Its consensus mechanism, Proof of Transfer (PoX), anchors transaction finality to the Bitcoin blockchain. The protocol's native token, STX, serves as the medium for transaction fees and as a requirement for consensus participation.
Within The Counterparty graph, Stacks connects to 5 tracked entities, most strongly to Bitcoin, Bitcoin, Hiro Pbc.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 5 of 5 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Bitcoin | 95% |
settles_to | Bitcoin | 95% |
developed_by | Hiro Pbc | 95% |
issued_on | Sbtc | 95% |
backed_by | Usv | 85% |
Frequently asked questions
What is Stacks?
Stacks is a bitcoin-l2 tracked in The Counterparty knowledge graph. It is connected to 5 other tracked entities, most strongly to Bitcoin, Bitcoin, Hiro Pbc.
What type of entity is Stacks?
Stacks is classified as a bitcoin-l2 (protocol) in The Counterparty knowledge graph.
What is Stacks connected to?
In The Counterparty knowledge graph, Stacks is linked to 5 other tracked entities, most strongly to Bitcoin, Bitcoin, Hiro Pbc.