News and Analytics

0

Stacks Launches Nakamoto Activation Sequence for Enhanced Bitcoin Integration

Aug 28, 2024
  1. Nakamoto Functional Improvements
  2. Impact on Bitcoin
  3. Activation Timeline

The Stacks Foundation announced today that the Nakamoto Activation Sequence has begun, marking a milestone for the Stacks Layer 2 (L2) that’s been years-long in the making. This activation represents a major upgrade, bringing enhanced functionality and integration with Bitcoin.

Nakamoto Functional Improvements

The Nakamoto activation sequence introduces several critical improvements to the Stacks network: increased transaction speeds, stronger finality guarantees for transactions, reduced Bitcoin miner MEV (Miner Extractable Value) opportunities, and enhanced network resilience against blockchain reorganizations.

Impact on Bitcoin

Layer 2s like Stacks are critical for enhancing the scalability of the Bitcoin network, enabling faster and more cost-effective transactions while expanding the network's utility. As Bitcoin becomes fully programmable, new use cases will unlock latent capital estimated at around $800 billion. “Bitcoin is the most exciting place to be building applications right now. Bitcoin L2s are becoming the future,” said Muneeb Ali, Co-Creator of Stacks.

Activation Timeline

Today, the final code for Nakamoto was delivered to network operators, formally opening the activation window. Network operators will have one full Stacking cycle (Cycle 92) to implement the upgrade. Following a successful transition from Cycle 92 to Cycle 93, core developers will select the final hard fork block, at which point all Nakamoto rules will go live. The key steps for the Nakamoto activation sequence are: August 28 - Final code delivery and activation window opening, Cycle 92 - Upgrade period for network operators, Cycle 93 - Core developers select the final hard fork block.

This upgrade positions Stacks to further its role as the leading Bitcoin Layer 2 solution, enabling more advanced smart contracts and decentralized applications while maintaining a strong connection to Bitcoin's security and value proposition. The Stacks community is encouraged to stay informed about the activation process and participate in the town hall on August 28, where development leads will provide real-time updates.

Comments

Latest analytics

Bead Pay: Cryptocurrency...

Bead Pay: Cryptocurrency Solutions for Global Payments

Bobby Zagotta and...

Bobby Zagotta and His Impact on the Crypto Industry

Show more

Latest Dapp Articles

Show more

You may also like