Stacks was launched on October 25, 2019, and was developed by Blockstack PBC, headquartered in New York. Stacks is a decentralized network using blockchain technology that creates the infrastructure and provides tools for developers to efficiently deploy their applications. Stacks is designed to be a platform focused on ease of use, scalability, privacy, and user data security, allowing users to control their data and identity.
The platform allows users to control their information thanks to code stored on the blockchain system by operating directly on users’ devices and independently keeping information. This code has the role of:
Stacks token (STX) is a utility token belonging to the Stacks ecosystem and is used for the following purposes: