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:
(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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References
https://gaia.blockstack.org/hub/1AxyPunHHAHiEffXWESKfbvmBpGQv138Fp/stacks.pdf
https://www.okcoin.com/index.html
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