Stacks (STX) is a blockchain platform that brings smart contracts and dApps to Bitcoin, enabling secure, decentralized applications that leverage Bitcoin’s stability and security.

Stacks uses a consensus mechanism called Proof of Transfer (PoX) to anchor its chain to Bitcoin. This allows Stacks to benefit from Bitcoin’s security without modifying its core protocol.

STX is used for transaction fees, registering digital assets, and participating in network consensus via stacking, which allows holders to earn Bitcoin rewards by supporting the network.

You can store Stacks (STX) in compatible wallets like Hiro Wallet, Xverse, or hardware wallets like Ledger, which offer secure options for managing your STX tokens.

Stacks enables smart contracts and decentralized applications on Bitcoin, combining the flexibility of smart contracts with the security and stability of the Bitcoin network, making it a unique layer-1 solution.

Stacks' integration with Bitcoin has attracted attention, especially for those interested in expanding Bitcoin’s utility. As with all investments, decisions should be based on research and understanding of market dynamics.

Yes, STX holders can participate in stacking, which supports network security and allows participants to earn Bitcoin rewards, leveraging the Stacks platform’s unique Proof of Transfer (PoX) mechanism.