Stacks Activates Nakamoto Upgrade for Faster Bitcoin Transactions

October 30, 2024 BACK TO NEWS

Stacks announces its Nakamoto upgrade, enhancing Bitcoin transactions with reduced times and laying the groundwork for sBTC launch - IcoHolder.

Stacks, a prominent layer-2 blockchain project built on Bitcoin, announced the successful activation of its Nakamoto upgrade on Tuesday. This upgrade is set to significantly enhance transaction speeds, marking a pivotal advancement for the platform.

In a post on X, the official Stacks account stated, “Stacks transactions once confirmed are now at least as irreversible as Bitcoin's,” highlighting the improvements in both speed and security. The upgrade aims to reduce transaction times significantly, aligning more closely with Bitcoin's own transaction finality.

The Nakamoto upgrade not only improves transaction efficiency but also lays the groundwork for the anticipated launch of sBTC later this year, a new token designed to further integrate Stacks with the Bitcoin ecosystem.

Co-founded by Muneeb Ali, a Princeton-educated computer scientist and CEO of Trust Machines, Stacks has emerged as a pioneering effort in the realm of layer-2 networks on Bitcoin. With over 80 similar projects emerging in recent years, Stacks stands out due to its longstanding credibility and commitment to enhancing Bitcoin’s functionality.

Earlier this year, Ali emphasized Bitcoin's role as the "apex predator" of the blockchain landscape, despite the popularity of other smart-contract-focused blockchains like Ethereum and Solana. These platforms have fostered vast ecosystems dedicated to decentralized finance (DeFi) and gaming applications.

The Nakamoto upgrade has been a key focus in Stacks' development roadmap. Although its implementation faced several delays, its full activation represents a significant milestone for the project and the broader Bitcoin community. As Stacks continues to evolve, it seeks to bridge the gap between Bitcoin's robust security and the programmability features offered by other blockchain technologies.