Stacks Initiates Nakamoto Upgrade for Faster Transactions and BTC Virtual Machines

IconCrypto News Terminal22 Apr, 2024

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Stacks Initiates Nakamoto Upgrade for Faster Transactions and BTC Virtual Machines

Stacks (STX), a layer-2 platform for Bitcoin, has commenced its Nakamoto upgrade, a significant milestone that promises to enhance the network's capabilities. This upgrade, targeted for completion in May, will introduce several advancements that aim to revolutionize Bitcoin's ecosystem. The Nakamoto upgrade centers around faster transaction speeds, enabling the smooth operation of Bitcoin virtual machines (BVM), and expanding support for decentralized finance (DeFi) and decentralized applications (dApps). The integration of BVM will open up new possibilities for developers to create and deploy complex, Bitcoin-native applications, fostering innovation within the Bitcoin landscape. Previously on [date], Stacks had initiated its Nakamoto upgrade at BTC block height 840360, marking a significant step towards realizing the upgrade's potential. This upgrade underscores the ongoing evolution of Stacks as it aims to enhance the Bitcoin ecosystem and drive the adoption of Bitcoin-based financial services and applications.

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