STX Price today

Stacks was launched on October 25, 2019, and was developed by Blockstack PBC, headquartered in New York. Stacks is a decentralized network using blockchain technology that creates the infrastructure and provides tools for developers to efficiently deploy their applications. Stacks is designed to be a platform focused on ease of use, scalability, privacy, and user data security, allowing users to control their data and identity.

The platform allows users to control their information thanks to code stored on the blockchain system by operating directly on users’ devices and independently keeping information. This code has the role of:

• Providing the ability to hold individual data in the media of the user’s choice
• Transferring data from one application to another within the ecosystem
• Removing the need to log into their data through a password as before.

Stacks token (STX) is a utility token belonging to the Stacks ecosystem and is used for the following purposes:

• Pay registration fees, create an account, and pay for services within the Stacks network.
• Pay to access the dApp and download applications from the dApp to your device.
• Publish the smart contract and execute its functions on the network.
• Reward miners who mine a new block.