Stacks developers are asking for more time to activate Nakamoto, the next upgrade to Bitcoin's Layer2 solution, designed to improve the network's performance and capabilities.
In a recent post, Stacks developers announced the need to delay the release of the Nakamoto update, which was initially scheduled for April, by two months. This leaves the implementation of the future update on the Stacks network for the August 28th, XNUMX, according to projections announced by the developers.
Mitchell Cuevas, head of Web3 partnerships at the Stacks Foundation, said on behalf of the team that the additional 8 weeks being projected for Nakamoto development will ensure safety and service life of the future blockchain update.
Stacks forced to bring forward its roadmap
According to publication Stacks developers had plans to build a more advanced signature resilience and recovery system later this year, after the Nakamoto upgrade was implemented in Stacks. However, due to several flaws detected during testing and the changing needs of users in the crypto industry, the network developers have found it necessary to move this development forward, and not release their next upgrade without first building this more advanced signature system.
“The basic version is proving to be inadequate in testing, so the core developers are making the difficult, but safer, decision to build the more advanced system before activation,” Cuevas said.
According to the developers' projections, the full code for the network's new signature system features will be completed by July 15, and therefore Nakamoto's activation on Stacks is estimated to occur on August 28.
Fast transactions in 5 seconds
One of the big improvements that the Nakamoto upgrade brings to the Stacks network is transaction speed. Nakamoto will introduce a fundamental change to the Stacks block production model, inherited from the Bitcoin network protocol, to enable faster block production and faster transactions that are confirmed within seconds.
All this potential of Nakamoto’s new features and functions has not only caught the attention of users and developers in the crypto industry, but has also attracted the interest of giants in the traditional financial world. As reported by this outlet, in mid-March Franklin Templeton, one of the leading US fund managers, which launched a Bitcoin spot ETF in January, published a note dedicated to Nakamoto, highlighting that this update could accelerate Bitcoin innovation, allowing the mainnet to unleash its full potential.
Franklin Templeton also noted that the Nakamoto upgrade will introduce fundamental improvements that will help Bitcoin’s scalability, efficiency, and security, improving its usability in the growing decentralized finance (DeFi) ecosystem.
Continue reading: Franklin Templeton posts note on Stacks “Nakamoto” update
