On the 1st anniversary of the launch Stacks blockchain (STX), the company that seeks to (BTCThe network is programmable. AttainedOver 350 million API requests per month, 40,000 Hiro wallet downloads (a development tool that Stacks uses to create applications on Bitcoin), and 2,500 Clarity smart contract contracts. Electric Capital, a venture capital company focused on cryptocurrencies, fintech and blockchain, reported that Stacks was the biggest Bitcoin project.

Stacks’ unique PoX consensus mechanism, which allows users to earn more than 100 BTC per month, has seen over 11,000 people receive rewards of up to 100 BTC each month. BTC is used to validate transactions, create smart contracts and mine STX blocks. Miners also earn STX by bidding STX. As rewards for tasks such as running nodes, STX holders receive the BTC bids. The mechanism has so far delivered more than $50 million in BTC rewards, and has exceeded $1 billion in value.