Subscribe to Our Newsletter
Tuesday August 16, 2022
Bitcoin (BTC) $23,997.43   Ether (ETH) $1,876.55
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Easily Swap USDT (TRC20) & More
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Koinly
CryptoNinjas
Home Blockchain Assets

Stacking STX to earn BTC rewards

Published by CryptoNinjas.net
11/09/2021
Stacking STX to earn BTC rewards

Stacks (STX) is a blockchain project that aims to bring smart contracts and decentralized applications (Dapps) to Bitcoin. Thanks to Stacks, a parallel blockchain with the Bitcoin blockchain is being created and new features become available. Stacks opens up new possibilities by earning BTC using a different blockchain than the Bitcoin blockchain. The Stacks system, which is based on bitcoin transactions, attracts attention with its unique style of work. Let’s take a look at the history of Stacks together.

Stacks started in 2013 and has made improvements to make the Internet a better place. Two Princeton alumni, Ryan Shea and Munib Ali, have joined their teams and began researching blockchains. As it became known about the project, the number of developers has increased. Today Stacks has developers from all over the world. The project is owned by Hiro Systhems PBC and is controlled by the Stack Open Foundation. Meltem Demirors, a well-known name in the cryptocurrency world, has also joined the Stacks Foundation in recent months.

Stacks and blockchain.

Blockchain has become the second major revolution since the advent of the Internet for the benefit of the Internet. New business models and the emergence of digital values have changed our world. The Bitcoin blockchain is also the oldest blockchain and cannot be changed by a single administrator. At the same time, the blockchain can contain smart contracts and decentralized applications. Ethereum has smart contracts and decentralized applications, and Stacks is committed to bringing these benefits to Bitcoin as well.

The Stacks’ biggest thesis is based on the fact that the protocol war led to a merger, just like in the early years of the Internet. In the early years of the Internet, many protocols were created, but over time, TCP / IP was used in combination. Stack developers also think that many protocols in the cryptocurrency universe will eventually merge under one roof. They are confident that this structure will also be Bitcoin, because Bitcoin is the most popular and most secure blockchain.

What is the purpose of STX?

STX tokens are the basic unit used in the Stacks blockchain. Holders of STX tokens can earn BTC with their tokens in a variety of ways including stx to btc exchange. STX can be used to host, run, or maintain nodes. With this method, users earn BTC at the end of 2 weeks according to their STX amount.

The method used by Stacks is very similar to the method of confirming winnings (as in Tezos, Cardano). However, they differ in important points. Proof-of-Stake systems sometimes experience interruptions and take a long time to process. Some of the profits are spent on expenses, which naturally creates sales pressure. In Stacks, on the other hand, tokens do not leave the user’s wallet. No special equipment is required to join the Stacks system, users only need an STX wallet. Finally, rewards are paid in BTC while STX is used to generate income, so there is no selling pressure on STX.

Where to buy STX.

 This feature made the STX go down in US history. In the first block, 1.3 billion STX were minted, according to the plan, the total supply will amount to no more than 1.818 billion STX. The first tokens issued were split between the founders, early investors, and their employees. The STX price has performed well in 2021, but the long-term value of STX depends on the development of the ecosystem and its network. STX can be purchased on exchanges such as:

  • Binance; 
  • KuCoin; 
  • OKex
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Crypto exchange Kraken’s second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

08/12/2022
Crypto exchange Kraken's second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

Kraken, the popular crypto exchange, has announced the results of its second 2022 Proof of Reserves audit, which has now been expanded beyond *BTC, and ETH* to include USDT, USDC, XRP, ADA*, and DOT....

Read more

Blocknative releases new tool to enable high-speed propagation of ETH transactions

08/11/2022
Blocknative releases new tool to enable high-speed propagation of ETH transactions

Blocknative, a web3 infrastructure company, today launched the Transaction Distribution Network (TDN). This tool allows blockchain users to respond to pre-chain risks and opportunities faster than ever, ensuring each transaction has the best chance...

Read more

SynFutures plans to integrate with Router Protocol to improve multi-chain access

08/11/2022
SynFutures plans to integrate with Router Protocol to improve multi-chain access

SynFutures, a decentralized derivatives exchange, announced today a new partnership with Router, a cross-chain protocol that enables fund transfer, asset swaps, and cross-chain applications. The projects will work together to expand their respective ecosystems...

Read more

New Serum powered DEX for Solana from Vybe Network launches

08/10/2022
New Serum powered DEX for Solana from Vybe Network launches

Today it was announced from the Serum community the launch of Vybe DEX, a data-driven trading interface powered by Serum’s central limit order book & matching engine, built by Vybe Network. Vybe Network is...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
ELLIPAL now supports Zcash (ZEC) for cold storage and trading

ELLIPAL now supports Zcash (ZEC) for cold storage and trading

01/14/2020
Crypto exchange Kraken's second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

Crypto exchange Kraken’s second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

08/12/2022
Brazil payment app PicPay launches new crypto exchange service with Paxos technology

Brazil payment app PicPay launches new crypto exchange service with Paxos technology

08/10/2022
"Move-and-earn" app STEPN to utilize LINE Blockchain for the Japanese market

“Move-and-earn” app STEPN to utilize LINE Blockchain for the Japanese market

08/09/2022
Crypto exchange Kraken's second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

Crypto exchange Kraken’s second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

08/12/2022
Blocknative releases new tool to enable high-speed propagation of ETH transactions

Blocknative releases new tool to enable high-speed propagation of ETH transactions

08/11/2022
SynFutures plans to integrate with Router Protocol to improve multi-chain access

SynFutures plans to integrate with Router Protocol to improve multi-chain access

08/11/2022
New Serum powered DEX for Solana from Vybe Network launches

New Serum powered DEX for Solana from Vybe Network launches

08/10/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version