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Stacks is a Bitcoin Layer for smart contracts and Dapps. Bitcoin as a base layer and has its own consensus model. It uses the Proof of Transfer (PoX) mechanism, which uses BTC to mine STX. It was founded by Muneeb in 2017 to enable developers to build Dapps that can run on top of Bitcoin. The protocol bridges the gap between the traditional financial …
Source: https://www.thecoinrepublic.com/2023/05/08/stacks-price-prediction-volume-up-by-191-will-stx-see-a-new-high-soon/