Stacks developers have confirmed that Nakamoto activation will be completed at Bitcoin block #867.867.
According to the protocol developers, This block could be mined next Tuesday, October 29th, marking the culmination of the hard work the team has put in over the past few months.
Since the start of Nakamoto’s mainnet rollout on August 28, the team has been working tirelessly on implementing this upgrade, which promises to transform the way users interact with the Bitcoin network.
Nakamoto will make transactions faster and safer on Layer 2
The Nakamoto upgrade, presented by Stacks developers as an innovative and revolutionary solution that will optimize Bitcoin, will open the doors to new use cases for the cryptocurrency and blockchain network. With the activation of this solution, transactions are expected to be faster and more secure, allowing developers to create more effective and efficient decentralized applications (dApps) in the Bitcoin ecosystem.
Nakamoto will facilitate the possibility of conducting transactions in significantly shorter times of approximately five seconds, which represents a considerable advance compared to the current network wait times of 20 to 30 minutes. This improvement in speed could attract more users and developers to the Bitcoin ecosystem, encouraging significant growth in its adoption.
In a release Recently, Stacks developers stressed that Nakamoto's activation process has been methodical and rigorous, with multiple tests on the blockchain network to ensure its robustness and functionality. This effort has also included forking practices and network entry testing, demonstrating the Stacks team’s commitment to security and efficiency.
The Nakamoto update not only focuses on technical improvements, but also aims to facilitate a smoother experience for users and developers operating on the Stacks platform.
Nakamoto will optimize the use of Bitcoin in DeFi
On the other hand, Nakamoto is not only focusing on speed, but also on security. With the implementation of this upgrade, transactions on the Stacks network will reach a level of irreversibility similar to that of Bitcoin, thus ensuring that users can operate with confidence. This feature is crucial for fostering the adoption of Bitcoin in decentralized finance (DeFi) applications, where safety is a priority.
In this way, Nakamoto paves the way for the creation of new use cases in the Bitcoin ecosystem. The possibility of implementing smart contracts on the Stacks platform will allow developers to innovate and create solutions that were previously unfeasible, which benefits users and drives the growth of the ecosystem as a whole.
The ability to build on a secure and rapid foundation will open up a range of opportunities for the creation of applications that can transform the way cryptocurrencies are used.
An important point of the completion of the Nakamoto activation process at block #867.867 is that this will be completed around the time the Bitcoin whitepaper was released, October 31, 2008The developers highlighted the historical significance of their update in the context of Bitcoin's ongoing development.
