New York, Wednesday, November 06, 2024 – Stacks, a leading layer-2 blockchain solution for Bitcoin, confirmed the launch of its highly anticipated Nakamoto upgrade last Tuesday, marking a major step toward faster transactions and enhanced security for Bitcoin-based applications.
According to Stacks’ official announcement on X, transactions on the platform are now “at least as irreversible as Bitcoin’s” with significantly reduced transaction times, improving both reliability and user experience.
The Nakamoto upgrade, a milestone in Stacks’ roadmap, aims to cement the blockchain’s position as a competitive layer-2 network atop Bitcoin.
This upgrade sets the groundwork for the upcoming launch of sBTC, a native asset designed to enhance the transferability of Bitcoin within the Stacks ecosystem, anticipated later this year.
Stacks, co-founded by Princeton-trained computer scientist Muneeb Ali, has long been one of the most reputable projects working on scaling Bitcoin through a layer-2 approach. Ali, also CEO of Trust Machines, has emphasized Bitcoin’s dominance in the blockchain industry, referring to it as the “apex predator” despite the popularity of programmable blockchains like Ethereum and Solana.
The upgrade follows months of development and some delays, underscoring Stacks’ commitment to providing a more efficient and accessible framework for decentralized finance (DeFi) and gaming applications on Bitcoin’s network.
The Nakamoto upgrade is expected to attract greater interest from developers and investors looking for secure and scalable Bitcoin solutions. As layer-2 projects continue to gain traction, Stacks positions itself as a key player in expanding Bitcoin’s usability and adoption across various blockchain sectors.
