The BitGo custodian provided customers with the ability to generate income in Bitcoin using Stacks (STX), the native token of the Blockstack project.
An open source network for building smart contracts and DeFi bridges to Bitcoin.
Initially, the protocol used the network hash power of the first cryptocurrency in combination with the Proof-of-Burn mechanism.
According to Stacks co-founder Munib Ali, PoX can stimulate participation in the network by offering bitcoin rewards, which was not possible before the protocol was introduced.