What is Blockstack (STX) ?

Blockstack Official Logo
Blockstack Official Logo

Blockstack is an open-source and developer-friendly network for building decentralized apps and smart contracts. Tokens in the Blockstack ecosystem, STX, are utility tokens that are consumed as “fuel” when users register digital assets or execute smart contracts. Blockstack inherits Bitcoin’s security through Proof of Transfer, enables you to write secure smart contracts with Clarity, and brings it all together in one decentralized network maintained by developers from all over the world. More than 500 teams are already building on Blockstack. With STX added to the Crypto.com App, users can now purchase it at true cost with no fees – credit card and bank transfer both supported. As Crypto.com also offers a Visa Card, this adds additional utility to STX as users can easily convert cryptocurrencies into fiat currencies and spend at over 60m merchants globally. STX is not available for residents of the United States.

Original author – Muneeb Ali
Initial release
 – 30 January 2019
Development status – Active

Website – blockstack.org

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