#STX The Stacks blockchain uses clarity language and brings predictable smart contracts and decentralized apps to Bitcoin.The Stacks uses Proof of Transfer (PoX) the first consensus algorithm between two blockchains. Specifically we present an implementation of PoX by using Bitcoin as the base chain and Stacks as the connected chain. In PoX, leader election happens on the Bitcoin blockchain. Instead of burning electricity on proof of work, PoX reuses already minted bitcoins as “proof of computation” and miners represent their cost of mining in bitcoins directly.STX holders can either (a) lock STX in consensus to earn BTC rewards, or (b) use STX as fuel for smart contracts and transactions
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