Introducing the Proof of Transfer consensus algorithm

If adopted, expected Summer 2020

We’re proposing the use of PoX in the new Stacks 2.0 blockchain. PoX harnesses the power of Bitcoin and enables everyone to access the properties that make it so secure. Bitcoin is the ultimate trust machine, and king of proof-of-work.

PoX allows the Stacks 2.0 Blockchain to (1) reap the security benefits of Bitcoin, (2) possibly reward Stacks (STX) holders for contributing to the network, (3) offer secure, predictable Clarity Smart Contracts and more expressive features without modifying Bitcoin’s core protocol, and (4) allows any project to spin up their own blockchain that has the security properties of Bitcoin.