What is Stacks (STX)?
Stacks is a decentralized Bitcoin layer-2 solution that introduces smart contract functionality to Bitcoin. The blockchain was introduced in 2013 by Muneeb Ali and Ryan Shea, both of whom are Princeton alumni. It was originally named Blockstack and had a rebranding in 2020. Its mainnet was launched in 2021.
How Stacks (STX) Works
Stacks uses a special consensus mechanism called Proof-of-Transfer (PoX). In PoX, miners transfer the crypto of an established PoW blockchain (Bitcoin in this case) to other participants in the network to secure it. This unique approach allows the layer-2 participants to secure the PoX network and earn rewards in the layer-1 cryptocurrency at the same time.
As a part of this PoX mining process, a hash of each Stacks block is recorded to the Bitcoin chain, inheriting some security as a result of this process.
Also, Stacks is designed in a way that allows an entire block of transactions on Stacks to correspond to one Bitcoin transaction, and the blocks of both chains to be confirmed simultaneously. This makes transactions on Stacks significantly faster and cheaper than those on Bitcoin.
How Many Stacks (STX) Tokens Are in Circulation?
STX is the native token of Stacks that is used to reward those who confirm transactions on Stacks.
STX's total supply: 1,818,000,000
STX's circulating supply: 1,366,457,779
How to Buy Stacks (STX)
Consider investing in Stacks (STX)? It only takes 2 minutes to create an account on Bitget and start trading STX.
Check out the available STX trading pairs on Bitget!
Spot market
Stacks (STX) Resources
Simple 3-step guide to buying STX today in Ireland
Create your free Bitget account
Select a funding method
Complete your Stacks purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Stacks using a payment method of your choice:
Buy Stacks with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Stacks order.
How to buy crypto with credit/debit cardBuy Stacks with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Stacks is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Stacks order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Stacks order.Buy Stacks with the fiat balance in your Bitget account
You can Deposit fiat funds using SEPA to top up your Bitget fiat balance. Then click Buy Crypto > [Cash conversion] in the top navigation bar to place your Stacks order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Stacks in your Bitget spot wallet
Bitget—where the world trades Stacks
How to buy Stacks for free
- Learn how to earn Stacks for free through the Learn2Earn promotion
- Earn free Stacks by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Stacks airdrops by joining On-going challenges and promotions
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FAQ
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Ireland (formally known as the Republic of Ireland) is a country located in northwestern Europe, and it is the only country that has a land border with Northern Ireland of the UK and the other three sides with the Atlantic Ocean. The country has a population of 5.1 million people, with almost 20% of the population living in Dublin. Ireland, as a developed country, has ranked among the highest in the world, including healthcare, economy, freedom of the press, etc., and it has become a member of the European Union since 1973. The official language of Ireland is Irish and English, which English is fully supported by both Bitget app and website. The currency of Ireland is Euro (EUR).
Bitget offers secure payment options to make trading easier for you, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and different credit card services. Whether you are in Dublin, Cork, or Limerick, Bitget is ready to serve you with all kinds of needs in cryptocurrencies.
Dublin, as the busiest city in the country, has also attracted many tourists to visit each year. Grafton Street is filled with flower shops, buskers, and performance artists on the streets and you will be welcomed by friendly, chatty service no matter where you go.