StackOS$SFX

What is this network?

StackOS is a cross-chain open protocol that connects developers with a decentralized network of compute power. It allows individuals and organizations to share their computing resources and collectively offer a decentralized cloud. Developers can deploy any full-stack application, decentralized app, blockchain private nets, and main net nodes on this network. StackOS is designed to run high-traffic applications like full-stack apps, DApps, blockchain nodes, and websites. It aims to provide the world with “The Unstoppable Infrastructure Protocol”, which will allow any person across the world to deploy their application without incurring heavy cloud management costs and freely run any application they wish to run.

How can I mine tokens?

To mine Stacks blocks, STX miners spend some amount of Bitcoin every block. When a miner wins a block they receive STX tokens as a reward. The more Bitcoin a miner spends per block, the higher their probability of winning that block. To start mining STX, you first must setup and start running both a Bitcoin Node and a Stacks Node. You will also need to setup a Bitcoin wallet and Stacks wallet. The Bitcoin wallet will need to be funded with BTC that will be used to compete for Stacks blocks, while the Stacks wallet will collect the STX mining rewards earned whenever you win a block. Once you've done all of that, you can start running an STX miner within your Stacks node.

How can I optimize my mining rewards?

A key factor affecting mining rewards earned is the connectivity between miners in the peer-to-peer network. To maximize rewards a miner must choose its network connections carefully, ensuring existence of paths to other miners that are on average of a lower latency compared to paths between other miners.

How can I use the network?

StackOS can run any workload based on a Docker Image. This means StackOS can run the exact same software you run on AWS, Azure, or Google Cloud. If you run your own Kubernetes cluster, you are responsible for arranging spare servers for growth and covering any failures. With StackOS, spare servers to help you scale or replace broken servers are automatically provided. StackOS uses top-of-the-line CPU processors and servers. StackOS provides Kubernetes-based management "out of the box".

Who governs this network?

The Stacks ecosystem is a collection of independent entities, developers, and community members working to build a user-owned internet on Bitcoin. By design, no one entity is in control of the other, but collectively these entities participate in a governance process to develop, vote on, and implement strategies. No Stacks entity in the space holds >10% of the circulating STX supply.

Funding

The Stacks project started in 2017 when Muneeb Ali finished his PhD, released the original whitepaper, and raised $50M. Before this, the early team built protocols and apps on Bitcoin.