Stacks Network

From DefiLlama
Jump to navigation Jump to search

Stacks 2.0 is a layer-1 blockchain that connects to Bitcoin and brings smart contracts and decentralized apps to it. Smart contracts and apps developed on the Stacks platform are natively integrated with the security, stability, and economic power of Bitcoin.

Stacks Network

Consensus mechanism

Stacks 2.0 implements a new mining mechanism called Proof of Transfer ("PoX"). PoX is a consensus algorithm between two blockchains. It uses an established blockchain (in this case Bitcoin) to secure a new blockchain (Stacks).

PoX connects to Bitcoin with a 1:1 block ratio, meaning anything that happens on the Stacks blockchain can be verified on the Bitcoin Blockchain.

Instead of burning electricity on proof of work, PoX reuses already minted bitcoins as "proof of computation" and miners represent their cost of mining in bitcoins directly.

Smart contracts

Clarity is a new language for smart contracts on the Stacks 2.0 blockchain. The Clarity smart contract language optimizes for predictability and security.

Stacks 2.0 anchors clarity smart contracts to Bitcoin making it possible for smart contracts to operate based on actions seen on the bitcoin blockchain.

Clarity is distinct from other languages designed for writing smart contracts in a few ways:

  • Predictability: The Clarity language uses precise and unambiguous syntax that allows developers to predict exactly how their contracts will be executed.
  • Security: The Clarity language allows users to supply their own conditions for transactions that ensure that a contract may never unexpectedly transfer a token owned by a user.
  • No compiler: Contracts written in Clarity are broadcasted on the Stacks blockchain exactly as they are written by developers. This ensures that the code developers wrote, analyzed, and tested, is exactly what gets executed.