Stacks (STX) is a Bitcoin layer smart contract platform. This allows smart contracts and decentralized applications to use Bitcoin as an asset and perform transactions on the Bitcoin blockchain. Bitcoin is the largest, most valuable and most resilient decentralized asset.
STX, which fell 10% in the last 24 hours and at the time of writing, was among the day's top decliners. Due to the outage on Stacks, there was an outage for more than 9 hours. Due to the outage, no block production could not be realized. Although the interruption was eliminated, new block production was rare. This problem may have negatively affected the price of STX.
