What is STX coin?

STX is the native cryptocurrency of the Stacks network . It’s used to fuel smart contracts for Bitcoin, to reward miners on the open Stacks network, and enables holders to earn bitcoin by Stacking.

Stacking is an innovative mechanism that rewards STX token holders for participating in the Stacks blockchain’s consensus process , called Proof of Transfer (PoX). STX holders who participate in Stacking are called Stackers.