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Crypto of the Day: Stacks (STX)

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%. 
byJordan Milkovich
July 8, 2021
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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.

 
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