Posted 4/11/2024, 12:00:02 PM
Stacks upgrades aim to boost speed, security and rewards as native token surges into top 30 cryptos
- Stacks is a layer 2 protocol built on top of Bitcoin, with native token STX up 70% recently to become a top 30 crypto
- The upcoming "Nakamoto" upgrade for Stacks will settle transactions in 5-10 seconds, protect against blockchain reorganizations, and expand DeFi potential
- The upgrade is also expected to increase rewards for STX token holders and make mining more profitable
- The later sBTC upgrade will enable trustless bridging of Bitcoin to Stacks blockchain via threshold signatures and validator network
- Stacks team sees complementary potential with emerging BitVM technology and has contributed funding toward its development