Proof of Transfer (PoX)

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf blockchain consensus mechanism
gptkbp:allows miners to transfer Bitcoin to participate in consensus
gptkbp:award STX token holders
gptkbp:category gptkb:cryptocurrency
proof-of-work variant
gptkbp:consensusMechanism miners
stackers
gptkbp:designedBy Blockstack PBC
gptkbp:enables Bitcoin yield for STX holders
Bitcoin-secured smart contracts
decentralized apps secured by Bitcoin
gptkbp:features anchored to Bitcoin
https://www.w3.org/2000/01/rdf-schema#label Proof of Transfer (PoX)
gptkbp:introducedIn 2020
gptkbp:nativeToken gptkb:STX
gptkbp:purpose bootstrapping new blockchains using existing ones
gptkbp:relatedTo gptkb:Proof_of_Work
Proof of Burn
gptkbp:secures gptkb:Stacks_blockchain
gptkbp:usedBy gptkb:Stacks_blockchain
gptkbp:uses gptkb:Bitcoin_blockchain
gptkbp:bfsParent gptkb:Blockstack
gptkbp:bfsLayer 7