During the first year of the Stacks blockchain, 140,000 NFTs were also minted. The Stacks blockchain (STX), which intends to make Bitcoin (BTC) configurable, reached over 350 million monthly API requests, 40,000 Hiro wallet downloads, and 2,500 Clarity smart contracts during its first anniversary. According to Electric Capital, a venture capital company centred on cryptocurrencies and fintech, these numbers make Stacks the largest Bitcoin project.Stacks’ innovative proof-of-transfer, or PoX, consensus technique enabled over 11,000 users to receive more than 100 BTC incentives per month.Miners earn STX by bidding BTC validate transactions, conducting smart contracts, and mine new blocks on the STX blockchain. However, BTC bids are given to STX holders as incentives for tasks such as running servers. To date, the system has provided more than $50 million in BTC incentives and has reached $1 billion in total value secured.Decentralized finance, or DeFi, developments on BTC were also facil
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