Stacks has begun activating its latest update, known as Nakamoto, which stands out for its potential to transform the interaction between Bitcoin and decentralized applications.
The developers of Stacks, one of the main Bitcoin Layer 2 blockchains, confirmed the launch of the Nakamoto upgrade on August 28.
As the network developers pointed out in a last post, once the sequence for the activation of this new update has started, Stacks operators have a 2-week window for its implementation on the network.
Nakamoto’s launch not only represents a significant technical advancement, but also establishes a new paradigm in the utilization of the Bitcoin blockchain, allowing smart contracts to be executed more efficiently and securely on the blockchain. This upgrade, as noted by investment fund and management firm Franklin Templeton, is relevant to the future of the Bitcoin network, enabling greater efficiency and speed and achieving full finality of Bitcoin transactions.
What is the Nakamoto Update?
The Nakamoto upgrade is a crucial component of the evolution of Stacks, a platform that seeks to expand Bitcoin’s capabilities by introducing smart contracts to the most capitalized blockchain on the market.
This update, Nakamoto, allows developers to create decentralized applications that interact directly with the Bitcoin blockchain, taking advantage of its security and stability. The implementation of this update also includes improvements in transaction efficiency and greater accessibility for blockchain developers.
How has informed In this regard, one of the most significant changes that Nakamoto introduces is the native support for the execution of smart contracts on the Bitcoin blockchain and the introduction of a new token, called sBTC.
The improvements that Nakamoto will introduce will allow developers to build applications that not only rely on the Bitcoin network for value transfer, but can also execute complex, automated logic. This represents a fundamental advance for the growth of the DeFi ecosystem and the NFT market within the network.
Nakamoto Stacks activation started
Finally, Stacks developers have started activating the new network update. Although this update was planned to be implemented in April, the developers had decided to delay its activation and set a new date, due to the need to make some adjustments necessary for its safe implementation.
Now that the activation sequence for this upgrade has been set in motion, the crypto community is looking forward to seeing how the set of improvements that will be implemented will strengthen the Bitcoin and Stacks ecosystem.
The user @neddfil said on social media that Nakamoto is a game-changer, unlocking new potential for Bitcoin in the decentralized finance ecosystem. He highlighted improvements in transaction speed and full finality as key elements to boost Bitcoin’s participation in DeFi.
“Faster transaction times mean you can interact with DeFi applications in seconds instead of minutes. More importantly, this makes DeFi more accessible and dynamic than ever before.”, the user highlighted.
The Nakamoto upgrade therefore not only strengthens Stacks’ infrastructure, but also has profound implications for the future of Bitcoin as a platform for decentralized applications. With the ability to run smart contracts, Bitcoin could become a more serious competitor to other blockchain networks that already offer these functionalities, such as Ethereum.
Additionally, the upgrade fosters greater interoperability between different platforms and protocols. By allowing Stacks applications to interact more seamlessly with Bitcoin, it opens the door to new opportunities for collaboration and development.
Experts have noted that these capabilities could attract a growing number of developers and projects to the Bitcoin ecosystem, diversifying its use beyond simply being a store of value.
