Stacks Activating Nakamoto Upgrade In 8 Days, Will STX Break $2?

Stacks Network, the Bitcoin layer-2, is one of the largest DeFi protocols on the world’s most secure platform. DeFiLlama says the platform manages over $1

Stacks Network, the Bitcoin layer-2, is one of the largest DeFi protocols on the world’s most secure platform. DeFiLlama says the platform manages over $109 million worth of assets. It continues to expand and improve as decentralized financial services find traction.

Stacks Network Activating Nakamoto On October 29

Over five years after launching, the network is preparing for one of its most important upgrades: Nakamoto. Analysts and platform supporters claim this update would have far-reaching implications, especially for its ecosystem.

The team said the latest update would go live on October 29. Most importantly, the transition will introduce features that boost throughput and security.

On scalability, Stacks might be looking to march Ethereum layer-2s that currently process transactions cheaply and can host transaction-intensive dapps.

Once the upgrade activates, Stacks will decouple from the Bitcoin block production speed of roughly 10 minutes. The decoupling will see the platform proc…