July 28, 2022, 2:55PM EDT
• 12 min read

Scaling Bitcoin: Stacks

Quick Take

  • Stacks is a blockchain that utilizes a novel consensus algorithm, Proof of Transfer (PoX), that maintains the Stacks blockchain by issuing newly minted Stacks tokens to block miners as a fee for producing the next Stacks block
  • In exchange, block miners are expected to spend Bitcoin in order to participate in the block production process for the Stacks blockchain
  • On top of  the novel consensus, Stacks introduces Clarity, a smart contract programming language that aims to bring greater programmability to Bitcoin
  • While Stacks have achieved their technical goals, the adoption has remained lackluster

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