cryptonewsnavigator.com that allows developers to create smart contracts and decentralized applications (dApps) directly on the Bitcoin network. It supports the development of decentralized finance (DeFi) platforms, non-fungible tokens (NFTs), and other applications that need smart contract capabilities.
The network uses a Proof-of-Transfer (PoX) consensus mechanism to confirm transactions and maintain blockchain security.
Key Features
Used Proof of Transfer (PoX), which allows miners to commit Bitcoin to earn STX tokens.
Stacks enables the creation of NFTs and other types of digital assets that are directly associated with the Bitcoin blockchain.
Offers fast and scalable transactions that help to maintain higher transaction throughput and scalability.