Stacks Foundation to Activate Nakamoto Upgrade on October 9 with Global Developer Workshops
The post Stacks Foundation to Activate Nakamoto Upgrade on October 9 with Global Developer Workshops appeared on BitcoinEthereumNews.com.
Stacks Foundation to Activate Nakamoto Upgrade on October 9 with Global Developer Workshops The Stacks (STX) Foundation has officially announced that the highly anticipated Nakamoto Upgrade will be activated on October 9, 2024. To celebrate this major milestone, the Stacks community will host more than 20 developer workshops across the globe, featuring lectures, live demonstrations, and technical challenges where participants can earn STX tokens. The Nakamoto Upgrade represents a significant step forward for the Stacks blockchain, as it aims to decouple Stacks’ block generation schedule from Bitcoin’s, resulting in faster transaction speeds and introducing support for Bitcoin-based decentralized finance (DeFi) and decentralized applications (dApps). Nakamoto Upgrade: Decoupling from Bitcoin for Enhanced Performance The main focus of the Nakamoto Upgrade is to decouple Stacks’ block generation from Bitcoin’s, enabling faster transactions and paving the way for more advanced blockchain functionality. Historically, Stacks has operated by following Bitcoin’s block generation schedule, but with this upgrade, it will now generate blocks independently. This change is expected to significantly reduce transaction times, improving the overall performance of the network. In addition to improving transaction speed, the upgrade will introduce a Bitcoin virtual machine (BTC-VM), allowing developers to build dApps and smart contracts that are natively tied to Bitcoin. This innovation will enable Stacks to support Bitcoin-based DeFi applications, offering users the ability to engage in decentralized lending, borrowing, and trading using Bitcoin as the underlying asset. Global Developer Workshops: Celebrating the Nakamoto Upgrade To commemorate the activation of the Nakamoto Upgrade, the Stacks community is organizing over 20 global developer workshops. These workshops are designed to engage developers with hands-on experiences, featuring live demos and technical challenges aimed at showcasing the new capabilities of the Stacks blockchain. Participants at these workshops will have the chance to learn about the technical aspects of the Nakamoto…
Filed under: News - @ September 23, 2024 1:28 pm