What is Stacks (STX)?
Stacks is a decentralized Bitcoin layer-2 solution that introduces smart contract functionality to Bitcoin. The blockchain was introduced in 2013 by Muneeb Ali and Ryan Shea, both of whom are Princeton alumni. It was originally named Blockstack and had a rebranding in 2020. Its mainnet was launched in 2021.
How Stacks (STX) Works
Stacks uses a special consensus mechanism called Proof-of-Transfer (PoX). In PoX, miners transfer the crypto of an established PoW blockchain (Bitcoin in this case) to other participants in the network to secure it. This unique approach allows the layer-2 participants to secure the PoX network and earn rewards in the layer-1 cryptocurrency at the same time.
As a part of this PoX mining process, a hash of each Stacks block is recorded to the Bitcoin chain, inheriting some security as a result of this process.
Also, Stacks is designed in a way that allows an entire block of transactions on Stacks to correspond to one Bitcoin transaction, and the blocks of both chains to be confirmed simultaneously. This makes transactions on Stacks significantly faster and cheaper than those on Bitcoin.
How Many Stacks (STX) Tokens Are in Circulation?
STX is the native token of Stacks that is used to reward those who confirm transactions on Stacks.
STX's total supply: 1,818,000,000
STX's circulating supply: 1,366,457,779
How to Buy Stacks (STX)
Consider investing in Stacks (STX)? It only takes 2 minutes to create an account on Bitget and start trading STX.
Check out the available STX trading pairs on Bitget!
Spot market
Stacks (STX) Resources
Simple 3-step guide to buying STX today in Jersey
Create your free Bitget account
Select a funding method
Complete your Stacks purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Stacks using a payment method of your choice:
Buy Stacks with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Stacks order.
How to buy crypto with credit/debit cardBuy Stacks with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Stacks is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Stacks order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Stacks order.Buy Stacks with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Stacks order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Stacks in your Bitget spot wallet
Bitget—where the world trades Stacks
How to buy Stacks for free
- Learn how to earn Stacks for free through the Learn2Earn promotion
- Earn free Stacks by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Stacks airdrops by joining On-going challenges and promotions
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FAQ
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Jersey is a self-governing dependency of the United Kingdom, located as an island country off the coast of northwest France. Despite a population of just slightly over 100,000 inhabitants, the country is actually the largest island within the Channel Islands and sits just 23 kilometers from the Cotentin Peninsula in Normandy.
While remaining a territory of the United Kingdom, Jersey has full control over self-governance, boasting a parliamentary democracy along with its own judicial, legal and financial system. Instead of cities, the island consists of 12 parishes that serve as numerous hubs. St Helier is the principal parish of the region, and most tourists also gravitate towards this location. There, you’ll be able to find the country’s financial hub, the Elizabeth Castle, Fort Regent Sports Centre, the Town Library, Cineworld, the Aquasplash Swimming Complex, bustling markets, a shopper’s High Street, and plenty of restaurants and bars along its scenic streets. For a little greenery, you can also visit the People’s Park, Millennium Town Park, the Parade park, and Howard Davis Park.
As a self-governing dependency of the United Kingdom, Jersey uses the Jersey Pound as its official currency (JEP), and with Bitget, you can purchase Stacks(STX) in just a matter of minutes, no matter where you are in the country, whether its St Helier, St Brelade, St Clements, St John, St Lawrence, or anywhere else. Our exchange offers a series of secure payment options to make trading easier for you, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and different credit card services.