The Stacks blockchain brings smart contracts, scalability and staking rewards to the Bitcoin blockchain. It connects using a “Proof of Exchange” inter-chain consensus mechanism which allows it to provide smart contracts and decrease confirmation times while simultaneously anchoring into the underlying Bitcoin blockchain for its security benefits.
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Timestamps:
0:00 Intro
01:10 What is STX?
03:12 Proof of Transfer PoX
04:26 STX Scaling and Smart Contracts
07:20 Staking STX for BTC
10:11 STX Wallet Setup
12:27 Conclusion
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