The post Nakamoto Upgrade to Boost Stacks Speed and Unlock Bitcoin Economy appeared on BitcoinEthereumNews.com.

The Nakamoto Upgrade will reduce transaction times on Stacks from 20-30 minutes to approximately 5 seconds. Nakamoto Upgrade enhances scalability and security, unlocking new possibilities for DeFi on the Bitcoin ecosystem. The impending Nakamoto Upgrade, which is expected to launch on October 29th, promises to be a watershed event for the Stacks ecosystem. Complementing a major historical event—the publication of Satoshi Nakamoto’s initial Bitcoin paper 15 years ago—this upgrade marks a turning point in the evolution of Stacks. Faster transaction speeds, improved security, and a completely freed Bitcoin economy on the Stacks Layer 2 mean that the Stacks community is much awaited this upgrade. The Nakamoto Upgrade is Coming! 🚀 The Nakamoto block has been picked—867,867! On Oct 29th history will be made again. Satoshi released original bitcoin paper that week 15 years ago! It is time to dive into a refresher of what Nakamoto will bring! 1/7 pic.twitter.com/YyZG3axZB4 — Bitflow (@Bitflow_Finance) October 17, 2024 Accelerating Bitcoin Transactions with the Nakamoto Upgrade  Transaction speed is one of the main constraints developers and consumers encounter when expanding on Bitcoin, and the Nakamoto Upgrade is meant to solve it. Traditionally, Bitcoin blocks process about 20 to 30 minutes, which causes delays for distributed apps and Bitcoin-based DeFi services. With this update, Stacks will cut transaction times to just five seconds, though. Faster and more efficient use of Bitcoin inside the Stacks ecosystem made possible by this substantial enhancement allows apps and DeFi protocols to give quicker, more consistent confirmations. Prior CNF reports noted that Stacks core developers effectively finished the Nakamoto Testnet hard fork, therefore testing the improved transaction speeds and node communication. Currently, developers are honing and getting ready for the mainnet upgrade. Once implemented, this improvement will represent a major change in Bitcoin’s usefulness since it guarantees the same irreversibility…

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Filed under: News - @ October 20, 2024 10:11 am