What is Stacks and How Does It Work?

Operating in parallel with the Bitcoin blockchain, Stacks—formerly known as Blockstack—is an open-source network that introduces advanced functionalities such as smart contracts to the Bitcoin blockchain. Like other sidechains and drivechains of Bitcoin, Stacks aims to revolutionize the original Bitcoin network unexpectedly. It is a unique network designed to enhance and expand Bitcoin\’s capabilities beyond its traditional use case.