Nakamoto Upgrade by Stacks Boosts Bitcoin Layer 2 Functionality
“Stacks has launched its Nakamoto upgrade to enhance its Bitcoin layer two (L2) solution. Aiming to improve transaction speed and security.
This upgrade, initiated on April 22, 2024, is designed to empower developers with better tools for smart contracts and applications. Leveraging Bitcoin’s robust infrastructure. Co-creator Muneeb Ali sees this as a pivotal moment, expecting a resurgence of developer interest in Bitcoin due to faster block times (reduced to around five seconds) that alleviate network congestion, facilitating quicker and more cost-effective transactions.
Stacks’ Nakamoto upgrade represents a broader trend in Bitcoin’s evolution towards a versatile base layer for experimentation and economic growth, unlocking over $1 trillion in dormant capital within the Bitcoin ecosystem according to projections. The rollout continues over the next month, strengthening Stacks’ reputation as a reliable network for accessing the Bitcoin economy.”
Clever Robot News Desk 26th April 2024
