Stacks (CRYPTO: STX) is a platform aiming to bring increased smart contract functionality to Bitcoin’s blockchain.
What happened: While the majority of the crypto market is bleeding today, STX/USD is up 13% and STX/BTC is up a modest 21%.
Unlike Ethereum (CRYPTO: ETH), Bitcoin’s blockchain is not a turing-complete virtual machine, it’s primarily a database for transactions.
While Bitcoin (CRYPTO: BTC) can handle some basic smart contract functionalities, Stacks aims to make Bitcoin a viable competitor to the Ethereum blockchain.
With investments from Y Combinator, Winklevoss capital and Digital currency group, Stacks’ native asset, STX, has made its way into the top 100 cryptocurrencies by market capitalization.
Stacks currently has a market cap of $1.3 billion and $432 million locked on the platform.
On Wednesday, July 7th Stacks released their Q2 recap and announced new goals.
See also: How to buy Bitcoin
You can buy Stacks on Binance, Crypto.com and KuCoin.
