Stacks is a smart contract platform built on top of Bitcoin. Stacks functions similarly to a Layer 2 on Ethereum, allowing for faster, cheaper transactions and new use cases for Bitcoin through programmability. Its native cryptocurrency, the STX token, is used to ensure Stacks network security and govern the protocol.
The native token on Stacks network is called STX. The STX token is used to pay for transaction fees, participate in network governance, and staking in the Proof-of-Stake consensus mechanism.
View the Stacks explorer here: https://explorer.hiro.so/?chain=mainnet
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