What is STX coin? What are the characteristics of STX coins?

STX Coin: The native token of the Stacks blockchain

STX Coin is the native token of the Stacks blockchain, which aims to combine the security and intelligence of Bitcoin The flexibility of contracts and decentralized applications (dApps) combine to provide users with a new blockchain experience.

Features of STX Coin:

• Security of Bitcoin: Stacks blockchain inherits the security of Bitcoin by anchoring to the Bitcoin blockchain, providing smart contracts and dApps provide a secure foundation.
• Smart contract support: STX coins support the development and execution of smart contracts, allowing developers to build complex applications and decentralized finance (DeFi) solutions.
• Decentralized governance: STX coin holders can participate in the governance of the Stacks blockchain and decide the future development of the protocol by voting.
• Incentive mechanism: STX coins are used to incentivize network participants, including miners, validators and delegators. Miners are responsible for processing transactions and securing the network, while validators are responsible for verifying the validity of transactions. Delegators can delegate their STX coins to validators to receive rewards.
• Scarcity: The total supply of STX coins is 1.818 billion, of which 1.35 billion are in circulation. This ensures the scarcity of STX coins, helping to maintain their value.

The STX coin plays a key role in the Stacks ecosystem, powering smart contracts, dApps, and decentralized governance. As the Stacks blockchain continues to develop, STX coins are expected to gain wider recognition and increase in value.

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