Many discussions surround the topic of Stacks (STX) and Bitcoin (BTC). People keep comparing these two cryptocoins, speaking in favor of one or another, making predictions about their prices for the next years and months, and analyzing their capabilities in the technical sphere. 

But what do we know about Stacks and Bitcoin? Let’s see their similar sides and decide which is a better investment for now. 

Discovering Staks: What Exactly STX, or Blockstacks Is

Stacks is known as a new crypto project meant to unveil the potential of the Bitcoin blockchain. It enables smart contracts and makes it possible for decentralized applications to function there. In other words, it exists based on Bitcoin as its first layer. The stacks platform runs STX tokens that take part in executing smart contracts, performing transactions, and registering new tokens. 

These days, one can easily swap STX to BTC exchange and back at many exchanges, as it’s coming into wide use. One can get it immediately by setting up an account at any reliable exchange. 

In addition, the Blockstacks blockchain doesn’t need miners to ‘mine’ any tokens. Instead, mining simply involves exchanging the BTC mined from its blockchain and offering or locking it up on the blockchain to earn Bitcoin for that. This process is called ‘stacking’ and functions in a similar way to staking. 

So, Stacks just enlarges the range of BTC functionality, making it a relevant purchase. This layer of the Bitcoin blockchain operates without forking this network. The network has become the first ever to receive the US government’s support for its initial coin offering. The total STX supply is not capped, however. There are more than 1,376,205,988 STX coins in current circulation. 

At the same time, there is nothing too innovative about the project. The only new feature it introduces is Charity – the up-to-the-minute coding language to code smart contracts, with its user-friendly structure and simplicity. It also has a special naming service, allowing users to assign a token a specific name (human-like). 

Stacks relies on the consensus mechanism (Proof of Transfer) that helps it connect right to the Bitcoin blockchain. 

Stacks vs. Bitcoin 

While Stacks brings about new abilities of Bitcoin and is a great investment that could hit $11 by 2030, Bitcoin remains valuable. First and foremost, Bitcoin is a path to all other crypto coins. In case Bitcoin crashes, this would affect every single token out there, including STX, since it relies on its blockchain a lot. The dependence on Bitcoin is both Stack’s advantage and drawback. 

On the other hand, Stacks can help users earn Bitcoin as a reward. Moreover, stacks are powerful since it is the only network that can seamlessly work with the Bitcoin network.  

Investing in Stacks could be a great option for those craving passive income. As mentioned above, stacking STX to get the digital gold (BTC) while doing nothing is a great idea. Unlike short-term investing, this will be a valid reason to invest since STX can also experience ups and downs. 

Overall, it’s hard to say whether BTC or STX is better as an investment. One needs to consider their goal before buying. 

Where to Purchase Stacks and Bitcoin?

While BTC is available overall, not all services catch up and sell STX. Luckily, most credible exchanges such as Coinbase, Kraken, Cushion, and the Anonymous cryptoexchange LetsExchange are on it. 

For instance, Kucoin boasts almost $3 million worth of Stacks trading volume in 24 h. The platform LetsExchange offers 2,300 coins for trade, including Stacks, at the most affordable rates thanks to the SmartRate technology.