Stacks (formerly known as Blockstack) is an open-source, developer-friendly network for building Decentralised Apps (dApps) and smart contracts. Stacks runs on the Stacks blockchain, a layer-1 blockchain that connects to the Bitcoin blockchain with a 1:1 block ratio. Built on top of the Bitcoin blockchain, the Stacks blockchain allows users to write smart contracts in Clarity and create digital assets with the Bitcoin blockchain as their foundation.
Stacks also introduces a new consensus mechanism, known as Proof of Transfer (PoX). PoX harnesses the security and durability of Bitcoin’s Proof-of-Work (PoW) consensus mechanism without the arduous and insecure process of bootstrapping a new PoW chain. Blockstack also gives users encrypted data storage with Gaia, a decentralised storage network built on the Stacks platform. Data is encrypted and stored independently, controlled by the user’s private key. The STX token is the native asset of the Stacks blockchain. It is used to fund transactions, such as executing smart contracts or creating a digital asset.
Swyftx has ~4x lower spreads and ~2x cheaper trading fees when you buy Stacks, than our closest competitors.
Verify online instantly without uploading documents and deposit NZD to start Stacks trading.
Breached password detection and Two Factor Authentication help protect your account from scammers.
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Deposit and withdraw NZD via bank transfer.
Automate your crypto investments. Setup recurring deposits to your Swyftx account and have then automatically split across your own range of cryptos.
Never miss a trade or get caught out by the crypto market volatility. Set Buys and Sells to trigger at any price you want.
Easily secure your account with multi-factor authentication and biometric login. Swyftx also monitors other sites for data breaches that might result in compromises on your account.