Buy Stacks (STX)
What is Stacks?
Stacks is a cryptocurrency project designed to enhance the Bitcoin blockchain by introducing smart contracts and decentralised applications (dApps) to it. This extends Bitcoin’s functionality without altering its foundational structure.
How does Stacks work?
Stacks operates as a layer-2 blockchain on Bitcoin, leveraging a unique consensus mechanism known as Proof of Transfer (PoX). This involves miners transferring Bitcoin to secure the Stacks network and acquire new STX tokens. Smart contracts on Stacks are crafted with the Clarity programming language, which directly interacts with Bitcoin's state and transactions, ensuring scalability and security through Bitcoin’s hashpower.
What are the potential use cases for Stacks?
Stacks supports a broad range of applications, including decentralised finance (DeFi), non-fungible tokens (NFTs), decentralised autonomous organisations (DAOs), and cross-chain atomic swaps. It is also utilised in various sectors like financial services, digital art, gaming, supply chain management, and identity verification.
What is the history of Stacks?
Founded in 2013 by Muneeb Ali and Ryan Shea, Stacks began as a project for a computer science Ph.D. at Princeton University. It evolved into a startup with Y-Combinator support in 2014. Key milestones include raising significant funds in token offerings, a rebranding in 2020, and launching Stacks Blockchain 2.0 in 2021 to introduce decentralisation. The project drew substantial investment, including an SEC-qualified offering, and continues to innovate with updates like the Nakamoto upgrade and the introduction of sBTC.
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Frequently Asked Questions (FAQs)
What is the current price of Stacks (STX)?
The Stacks price is $4.2468 AUD, representing a -3.46% from the day prior.
Where is the best place to buy Stacks (STX) in Australia?
The best place to buy Stacks (STX) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Stacks (STX) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Stacks (STX)?
The trading volume of Stacks (STX) is $422.6M AUD in the last 24hrs, representing a -3.46% from the day prior.
How can I buy Stacks (STX)?
Stacks (STX) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Stacks (STX)?
The current market cap of Stacks (STX) is $6.4B AUD.
Can I convert Stacks (STX) to cash?
Yes - With Coinstash you can convert your Stacks (STX) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Stacks (STX) are there?
The current circulating supply of Stacks (STX) is 1.5B.
Is Coinstash a safe place to buy Stacks (STX) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Stacks (STX) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.