Arkham on Nostr: Stacks runs on the transmission proof system, which works in a way similar to the ...

Stacks runs on the transmission proof system, which works in a way similar to the workload proof. Miner verifies Stacks transactionBut they must bid for Stacks blocks to get STX rewards for each block. The currency used for bidding is BTC, which will be handed to the STX pledger who submits their STX to the network.Miners do the work of verifying transactions among them, but do not retain all rewards, but distribute some rewards to STX holders through the miners' BTC bids.(At present, STX pledge is 7% yield) With the increase of activities and the value of blocks, BTC bids from miners will also increase, and the actual income of STX stakeholders will also increase.That is to say, with the gradual development of Bitcoin's ecological application, STX will be well empowered and its value will also increase.