The Stacks ecosystem becomes the # 1 Web3 project in Bitcoin By Cointelegraph
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On the first anniversary of the launch of the Stacks blockchain (STX), (BTC) programmable, network obtained More than 350 million API requests per month, 40,000 Hiro (Stacks’ Bitcoin application development tool) portfolio download and 2,500 Clarity smart contracts. According to a report by Electric Capital, a venture capital firm focused on cryptocurrency and fintech, these statistics make Stacks the largest Bitcoin project.
More than 11,000 users won more than 100 BTC prizes per month on Stacks, due to its transfer proof or PoX, due to its unique consensus mechanism. Miners offer BTC to verify transactions, make smart contracts, and make new blocks in the STX blockchain, and win STX as a reward. Meanwhile, BTC bids are sent to STX holders as a reward for performing tasks such as running nodes. To date, the mechanism has awarded more than $ 50 billion in BTC awards and exceeded $ 1 billion in total blocked value.
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