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Stacks Nakamoto Upgrade Opens New Era For Bitcoin L2

Stacks has launched the long-awaited Nakamoto upgrade. Serving as a scaling solution for the Bitcoin network, Stacks gives developers the ability to build smart contracts and applications at the most valuable, decentralized and secure base level, bringing new use cases to the Bitcoin economy. Bitcoin is the safest, most reliable, ready-to-use crypto asset, and the market is now recognizing its potential as a foundational layer for DeFi. The emergence of second-layer solutions gives developers the opportunity to create a variety of new applications and solutions for borrowing and lending, asset exchange, trading Ordinals and NFTs, thereby effectively expanding the utility of Bitcoin.

When the Nakamoto release finishes rolling out over the next month, users can expect faster, more cost-effective transactions as well as transactions that are as irreversible as Bitcoin’s. The Nakamoto upgrade will usher in fast (5-second) blocks, a significant improvement over the current 10-30 minute blocks tied to Bitcoin’s block times. This has the potential to ease congestion on Bitcoin by facilitating faster, cheaper transactions on the L2 and better supports a growing number of Bitcoin DeFi applications.

This release solidifies Stacks’ position as a dependable network for developers leveraging smart contracts on Bitcoin, making it faster, more secure, and enhancing the overall user experience. Stacks, building off years of experience in the Bitcoin ecosystem, is uniquely positioned to provide layer 2 capabilities for developers, institutions, and others hoping to access the Bitcoin economy.

Image: Decrypt

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