Bitcoin Layer 2 Stacks readies for Nakamoto upgrade activation | Headlines | News | CoinMarketCap

08/26/2024 22:05
Bitcoin Layer 2 Stacks readies for Nakamoto upgrade activation | Headlines | News | CoinMarketCap

Stacks, the biggest Bitcoin layer-2 network, will be in the spotlight this week as the rollout of the Nakamoto upgrade starts. Stacks (STX) token …

Stacks, the biggest Bitcoin layer-2 network, will be in the spotlight this week as the rollout of the Nakamoto upgrade starts.

Stacks (STX) token was trading at $1.80 on Monday, Aug. 26, up by 68% from its lowest level in August. 

The token will be in focus as developers begin rolling out the Nakamoto upgrade, the most significant event in the platform’s history.

According to a recent X post by the developers, this upgrade is expected to be a game-changer for the network. It will reduce the average transaction time from 10 minutes to just seconds, enabling new use cases such as minting liquid stacking tokens, depositing them into Decentralized Finance (DeFi) applications, and borrowing against liquidity.

The Nakamoto upgrade will also pave the way for the upcoming sBTC, an …

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