Stacks Explained
Last updated
Last updated
Stacks is a blockchain layer 2 linked to Bitcoin by its consensus mechanism that spans the two chains, called Proof of Transfer. This enables Stacks to leverage Bitcoin’s security and enables Stacks apps to use Bitcoin’s state. Stacks powers decentralized apps: Apps that run on the Stacks blockchain instead of a centralized server, enabling new use cases that couldn’t exist before. Like Bitcoin, Stacks is a decentralized network. There are many individuals and companies from all over the world that contribute to and build on Stacks.
The unique advantage of having the initial build on stacks is that its robust base layer where all transactions are settled, adds complex apps and smart Smart contract. Stacks apps can interact with Bitcoin state, so you can have an app that uses Bitcoin as its currency. The Language used to power the smart contracts is clarity, which ordinals pad will utilise.
