KΔℝΪℕℕΔ ₿🐐💎🥷®️
KΔℝΪℕℕΔ ₿🐐💎🥷®️

@CRyptOracl3

20 Tweets 3 reads May 26, 2023
STACKS - Unlocking the full potential of the Bitcoin blockchain.
Ready to STACK up your knowledge on #BTC latest innovation ⁉️
◾ Proof of Transfer (POX)
◾ Bitcoin DeFi
◾ Bitcoin NFTs
Dive into @Stacks Bitcoin layer that's taking blockchain to new heights
$STX 🧵
▪️ Proof of Transfer (POX)
The consensus mechanism that connects Stacks and BTC, allowing applications to benefit from the security of Bitcoin
▪️ Bitcoin DeFi
Stacks brings DeFi to #BTC , unlocking over $300B in capital, setting the stage for activation of the Bitcoin economy
▪️ Bitcoin NFTs
NFTs secured by Bitcoin are exploding on the network.
Ever since the emergence of Ordinal NFTs, @Stacks has generated lots of traction. While this is happening, many are still in the dark about Stacks.
@Stacks🆔
🟣What is Stacks?
🟣How does it work? ( The PoX mechanism)
🟣Stack Team (Investors)
🟣STX token (Usecases, products & tokenomics)
🟣Roadmap
🟣Socials
🟣Prediction
➟. What is @Stacks?
Stacks is a layer 2 built on the Bitcoin blockchain which enables the deployment of Decentralised Applications (DApps) and smart contracts
@Stacks is the perfect game changer in the era of blockchain
How?
Stacks utilizes the security and stability of the Bitcoin blockchain while still giving you options to customize your DApps
➟. How does it work?
PoW or PoS?
None!
Stacks has crafted a new consensus mechanism known as Proof of Transfer (PoX)
Which is cost efficient and more reliable
Have a peek into Stacks consensus mechanism
medium.com
▪️ Goals
- Enable the vision of web3
- Building a decentralized economy
- Enabling true user ownership of assets and data
on top of Bitcoin as a settlement layer
Bitcoin evolution ⤵️
➟. Stacks Team
Comprises 5 notable Chads with proven track record in the tech/business space
Take a look
•. @muneeb
•. @ryaneshea
•. @JudeCNelson
•. @br_ttany
•. @yukanliao
The @stacks team has pulled investors from far and wide with its innovation. Some of stacks investors include
🟣 @usv
🟣 @winklevosscap
➟. STX token
(Usecases)
🟣 $STX serves as a token for gas fees payment.
🟣 Also a reward token for stack miners and users.
🟣 Using 'smart contract with Bitcoin', users can create new financial contracts that are backed by Bitcoin.
(Products)
@stacks has a plethora of products which include Defi apps and platforms, check some of them below
(Tokenomics 📊)
Project ➜ Stacks
Ticker ➜ $STX
Current price ➜ $0.58
Total Supply ➜ 1.82 Billion STX
Circulating Supply ➜ 1.37 Billion STX
Mcap ➜ $1.003 Billion
Just like BTC, STX undergoes halving every 4 years.
Halving here means a reduction in mining rate of an asset. If you could mine 20 $STX yesterday and a halving took place today, you'll only be able mine 10 $STX at present.
Also, by 2050 STX would have reached its max supply.
🟣Roadmap
@stacks has achieved much and many plans are still underway. Regardless the major plan this Q2 is Subnet.
➟. Socials
@stacks is known for setting the pace, here they're still leading with very active social platforms.
At present,
Discord server = 15k+ members
Telegram = 88k+ participants
To join any of @stacks social media platforms, CLICK HERE
Stx.is
➟. Prediction
ETH has @solidity_lang
Stacks has Clarity Programing Language
@stacks is a hub of innovations.
Expecting, increase in TVL, Mcap and thus price in the coming weeks
@binance also in support of @Stacks forking
All these show @stacks is bound for the moon.
Explore the world of $STX
find how it's changing the Bitcoin/Defi game follow @CRyptOracl3 and @Stacks !
Follow these legends:
@0xBispo
@MoonKing___
@cyrilXBT
@CryptoKaduna
@RiddlerDeFi
@BraverCrypto
@Tanaka_L2
@DefiVampire
@CryptoWizardd
@LouisCooper_
@wauwda
@Reaper_Defi

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