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News

Stacks Launches Nakamoto Upgrade for Lightning-Fast Bitcoin Transactions

October 29, 2024 - Around 2 mins mins to read

Key Points:

  • Muneeb Ali announced that the Nakamoto upgrade is live. It enhances Stacks Layer 2 transactions with 100% Bitcoin finality.
  • The new upgrade cuts transaction processing time to just a few seconds, compared to Bitcoin’s typical 10-40 minutes.
  • Stacks now aligns closely with Bitcoin, allowing forks only through Bitcoin itself while paving the way for the upcoming SBTC launch in 4-6 weeks.
Co-founder of the Bitcoin Layer 2 network Stacks Muneeb Ali announced via a post on X that the long-anticipated Nakamoto upgrade has just gone live.
Stacks Launches Nakamoto Upgrade for Lightning-Fast Bitcoin Transactions

Nakamoto Upgrade Successfully Launched for Stacks Layer 2 Network

One is achieving 100% finality on Stacks Layer 2 transactions. This means that once confirmed, a transaction can never be reverted. It gives the user the security of finality on top of stability. Moreover, the ordering and reversing of transactions are now powered by the full hash power of Bitcoin, hence wholly secure.

The Nakamoto upgrade introduces, among other things, the feature of “Fast Blocks,” which reduces transaction delays from 10 to 40 minutes on the Bitcoin network to just a few seconds on Stacks. This is expected to increase user experience and make the platform more developer-friendly.

Read more: Bitcoin Spot ETF Inflows Reach $479M, Led by BlackRock’s $315M

Enhanced Security and Upcoming SBTC Launch Timeline

Stacks no longer forks from Bitcoin. The only possible fork of Stacks Layer 2 is achieved by reorganizing Bitcoin itself, which provides greater coherence with the Bitcoin network and a reduced risk of fragmentation.

The Nakamoto upgrade lays the groundwork for the upcoming launch of the SBTC, which is anticipated within the next 4 to 6 weeks. The core developers indicate that this release focuses on network security and is a major upgrade, with more optimizations coming in the next few weeks for network bandwidth and latency. These updates are considered regular node upgrades rather than changes that are critical to consensus, but they are important for improving the overall performance and reliability of the Stacks network.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Bitcoin transactions

Nakamoto Upgrade

stacks

Stacks Layer 2 transactions

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Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

Stacks Launches Nakamoto Upgrade for Lightning-Fast Bitcoin Transactions

Key Points:

  • Muneeb Ali announced that the Nakamoto upgrade is live. It enhances Stacks Layer 2 transactions with 100% Bitcoin finality.
  • The new upgrade cuts transaction processing time to just a few seconds, compared to Bitcoin’s typical 10-40 minutes.
  • Stacks now aligns closely with Bitcoin, allowing forks only through Bitcoin itself while paving the way for the upcoming SBTC launch in 4-6 weeks.
Co-founder of the Bitcoin Layer 2 network Stacks Muneeb Ali announced via a post on X that the long-anticipated Nakamoto upgrade has just gone live.
Stacks Launches Nakamoto Upgrade for Lightning-Fast Bitcoin Transactions

Nakamoto Upgrade Successfully Launched for Stacks Layer 2 Network

One is achieving 100% finality on Stacks Layer 2 transactions. This means that once confirmed, a transaction can never be reverted. It gives the user the security of finality on top of stability. Moreover, the ordering and reversing of transactions are now powered by the full hash power of Bitcoin, hence wholly secure.

The Nakamoto upgrade introduces, among other things, the feature of “Fast Blocks,” which reduces transaction delays from 10 to 40 minutes on the Bitcoin network to just a few seconds on Stacks. This is expected to increase user experience and make the platform more developer-friendly.

Read more: Bitcoin Spot ETF Inflows Reach $479M, Led by BlackRock’s $315M

Enhanced Security and Upcoming SBTC Launch Timeline

Stacks no longer forks from Bitcoin. The only possible fork of Stacks Layer 2 is achieved by reorganizing Bitcoin itself, which provides greater coherence with the Bitcoin network and a reduced risk of fragmentation.

The Nakamoto upgrade lays the groundwork for the upcoming launch of the SBTC, which is anticipated within the next 4 to 6 weeks. The core developers indicate that this release focuses on network security and is a major upgrade, with more optimizations coming in the next few weeks for network bandwidth and latency. These updates are considered regular node upgrades rather than changes that are critical to consensus, but they are important for improving the overall performance and reliability of the Stacks network.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.