The post Stacks Foundation Unveils Nakamoto Upgrade appeared on BitcoinEthereumNews.com.

The Stacks Foundation has unveiled the Nakamoto Upgrade, thus paving the way for sBTC (Smart Bitcoin) and new prospects for developing Bitcoin as the platform for dApp and innovation. As Bitcoin remains the standard for security and decentralization, Stacks has utilized its blockchain platform to create an application that is built and runs on Bitcoin to add programmability and faster transactions on top of the original cryptocurrency.  The Nakamoto Upgrade is Live! 🟧 We’ve just entered a new era for Bitcoin. The stage is set for sBTC, and we know wherever Satoshi is right now, they’re proud of the builders bringing innovation back to Bitcoin. Bitcoin Finality & Fast Blocks. What’s next? 🧵 1/5 pic.twitter.com/Ndv8i7I5It — Stacks Foundation 🟧 (@StacksOrg) October 29, 2024 Key Features: Bitcoin Finality and Faster Blocks The Nakamoto Upgrade significantly improves the broader Stacks ecosystem, with elements such as Bitcoin’s finality and faster block processing time bringing finality within the Stacks network to parity with the secured transaction confirmation of the Bitcoin network. This means that a transaction cannot be rolled back once a transaction has been made.  Stacks Foundation noted that these enhancements are for developing scalable Layer 2 of Bitcoin. Besides, the blocks produce faster and improved network throughput with lower latency and potential benefits for applications that need high throughput rates. Preparing for sBTC and Beyond The Nakamoto Upgrade is a technological move and a crucial groundwork for the future sBTC to support decentralized applications while retaining Bitcoin’s security and traceability. As an alternative to constructing on Bitcoin, sBTC is predicted to draw developers and projects waiting for Bitcoin-compatible DeFi. sBTC allows tapping into the potential of Bitcoin and its capabilities in various applications, such as integration into dApps, velocity and UX improvements, etc. The launch of sBTC is expected in 4-6 weeks,…

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Filed under: News - @ October 30, 2024 2:15 am