STX Coin Project

It seems that Stacks takes what makes Bitcoin extremely strong and expands it with additional functionalities, without the need to fork or change the original Bitcoin blockchain.

It does this by directly connecting with the Bitcoin blockchain through a Proof of Transfer (PoX) consensus mechanism, which incentivizes Bitcoin miners to mint new Stacks tokens (STX).

Moreover, STX token holders can also stake their coins to earn Bitcoin as a reward.

Stacks offers a new smart contract programming language known as Clarity, which is designed to be secure and easy to build on thanks to its clear structure. This smart contract-focused programming language is also used by the Algorand (ALGO) blockchain.

Furthermore, Stacks was the first digital currency to qualify for SEC approval for sale in the United States, allowing it to launch a $28 million cash offering for a Reg A+ sale of the STX digital token in July 2019.