Today's Blockstack Price Summary
Blockstack's price today is $2.49 USD, with a 24-hour trading volume of $56,404,188 USD. STX
is down -2.01% in the last 24 hours. Blockstack is currently ranked #33 with a
market capitalization of $3,595,899,540 USD.
Blockstack is an innovative blockchain platform designed to extend Bitcoin's usability and accessibility. It integrates smart contract technology, enabling faster transactions than traditional Bitcoin operations. The platform was first introduced in 2015, with the latest upgrade, Blockstack 2.0, announced in October 2020.
The Role of STX Tokens
STX is the native Stacks token used within the Blockstack ecosystem. It serves a crucial role in paying new asset registration fees and tracking the processing status of payments on the platform. With the advent of Stacks 2.0, STX tokens will also fuel Clarity, a new smart contract platform, and be used to pay miners rewards.
Blockstack Proof-of-Transfer System
The Proof-of-Transfer (PoX) system in the Blockstack ecosystem has been instrumental in attracting developers and capital due to its transparency and compliance with US government regulations.
Participation in the Blockstack Ecosystem
Users can participate in the Blockstack ecosystem either by joining the STX mining group or through "Stacking," which rewards stackers with BTC for staking STX tokens.
Empowering Users Through PoX Technology
At its core, Blockstack utilizes PoX (Proof of Transfer) technology—an upgrade from Bitcoin's Proof of Work (PoW). This consensus mechanism replaces traditional methods like crypto burning or mining. With Blockstack and PoX technology, users not only own their data but also generate crypto revenue—ushering a shift towards greater online autonomy while incentivizing user contribution within the community.
With over 400 applications published and more than 2 million registered users worldwide, Blockstack continues to grow as it offers some of the most popular tools to a broader audience. The launch of Stacks 2.0 is expected to attract even more users and developers, further solidifying Blockstack's position in the blockchain industry.
What is Blockstack All-Time High price (ATH)?
On December 1st, 2021 01:32:34 AM, Blockstack hit a historic high of $3.39 USD.
It has been about 2 years ago since Blockstack reached its peak.
What is Blockstack All-Time Low price (ATL)?
On March 13th, 2020 02:29:26 AM, Blockstack reached a bottoming price of $0.0455963900 USD.
About 3 years ago has passed Blockstack has seen such a low price.