Stacks is a cryptocurrency project that serves as a Bitcoin layer for smart contracts, enabling the creation of decentralized applications such as DeFi and NFTs on the Bitcoin network. The Stacks layer allows for trustless writing to Bitcoin and the movement of Bitcoin in and out of Bitcoin layers. The project aims to expand the Bitcoin economy and enable more functionality as a Bitcoin layer to enable a better internet through decentralized apps. The consensus mechanism that connects Stacks and Bitcoin allows for transactions on the Stacks layer to automatically settle on Bitcoin, providing integrated security. The project also includes Clarity, a safe language to program smart contracts for Bitcoin, designed to prevent bugs and exploits. Holders of STX, Stacks' native currency, can support the network's security and consensus.
