DEFI ON BITCOIN! 🚀🔥How To Stake Stacks $STX and EARN BITCOIN! Blockstack

12,478 Views · Posted 3 years ago

The Stacks blockchain brings smart contracts, scalability and staking rewards to the Bitcoin blockchain. It connects using a "Proof of Exchange" inter-chain consensus mechanism which allows it to provide smart contracts and decrease confirmation times while simultaneously anchoring into the underlying Bitcoin blockchain for its security benefits.

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Timestamps:
0:00 Intro
01:10 What is STX?
03:12 Proof of Transfer PoX
04:26 STX Scaling and Smart Contracts
07:20 Staking STX for BTC
10:11 STX Wallet Setup
12:27 Conclusion

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The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
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References
https://gaia.blockstack.org/hub/1AxyPunHHAHiEffXWESKfbvmBpGQv138Fp/stacks.pdf

https://www.stacks.co/

https://www.okcoin.com/index.html

Video Tags

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