As a decentralized network built for decentralized apps (known as dApps), Blockstack (Stox) made history as the first token sale to be cleared by the SEC (Securities and Exchange Commission). Its purpose is to provide users with a means to control their identity and data, through a comprehensive suite of quality developer tools & protocols. This can make dApp development easier overall, with fewer obstacles to success.
Blockstack is built on the foundations of the Stacks blockchain, and utilizes a leader-election structure to retain a democratic consensus. The Turnable Proofs allows Blockstack to blend Proof-of-Work consensus with the power of a blockchain which may have been operating for far longer. Anyone looking to act as a miner must burn Bitcoin (which is the underlying currency) and process a number of transactions. Mining rewards are provided once transactions align with the “winning” sequence established.
Traders can start mining Stox with IQMining, with cutting-edge automation and a host of other features available. This helps to streamline the process and leave you with more time to focus elsewhere.