{"id":16519,"date":"2024-08-29T15:36:54","date_gmt":"2024-08-29T12:36:54","guid":{"rendered":"https:\/\/forklog.com\/en\/stacks-developers-initiate-nakamoto-upgrade-to-decouple-from-bitcoin\/"},"modified":"2024-08-29T15:36:54","modified_gmt":"2024-08-29T12:36:54","slug":"stacks-developers-initiate-nakamoto-upgrade-to-decouple-from-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/stacks-developers-initiate-nakamoto-upgrade-to-decouple-from-bitcoin\/","title":{"rendered":"Stacks Developers Initiate Nakamoto Upgrade to Decouple from Bitcoin"},"content":{"rendered":"<p>The team behind the Bitcoin Layer 2 solution known as Stacks has announced the initiation of the Nakamoto upgrade process, which &#8220;decouples&#8221; the block production schedule from the first cryptocurrency&#8217;s network.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Nakamoto Activation Window Begins ?<\/p>\n<p>Today marks the beginning of a sequence to safely bring the Nakamoto upgrade and its fast blocks and Bitcoin finality to the Stacks layer!<\/p>\n<p>Celebrate with 21 days of events, big news, collaborations, giveaways, and more. ?<\/p>\n<p>More ? 1\/4 <a href=\"https:\/\/t.co\/tTwJ9Glxv5\">pic.twitter.com\/tTwJ9Glxv5<\/a><\/p>\n<p>\u2014 stacks.btc (@Stacks) <a href=\"https:\/\/twitter.com\/Stacks\/status\/1828783348803846368?ref_src=twsrc%5Etfw\">August 28, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The activation is expected to increase transaction speed and lay the groundwork for smart contracts that use the digital gold network as a base layer. Settlement times will be reduced from 10-30 minutes or more to approximately 5 seconds.<\/p>\n<p>Node operators have two weeks to upgrade before the hard fork, which will mark the completion of the update.<\/p>\n<p>Nakamoto introduces a new method of block production using the Proof-of-Transfer consensus algorithm. Users burn Bitcoin to form Stacks blocks and receive rewards.<\/p>\n<p>The process began in April with the introduction of &#8220;signers&#8221; to confirm transaction &#8220;epochs.&#8221; These epochs are time periods during which miners are appointed to create several blocks, which are ultimately settled on the first cryptocurrency&#8217;s network.<\/p>\n<p>Stacks aims to implement smart contracts and other finance-related decentralized features. To this end, the team will launch sBTC in four weeks, backed 1:1 by BTC, allowing users to integrate Bitcoin into the project&#8217;s economy.<\/p>\n<p>Currently, projects within the ecosystem &#8220;do not provide an optimal user experience&#8221; due to the limitations inherent in the first cryptocurrency&#8217;s blockchain. This has prevented developers from creating complex DeFi products, according to the blog.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1179.webp\" alt=\"1-1179\" class=\"wp-image-239980\"\/><figcaption class=\"wp-element-caption\">Stacks Ecosystem. Data: Stacks.<\/figcaption><\/figure>\n<p>Back in August, developers launched the Mezo liquid staking token for digital gold, named stBTC, in the Bitcoin L2 network.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The team behind the Bitcoin Layer 2 solution known as Stacks has announced the initiation of the Nakamoto upgrade process, which &#8220;decouples&#8221; the block production schedule from the first cryptocurrency&#8217;s network. Nakamoto Activation Window Begins ? Today marks the beginning of a sequence to safely bring the Nakamoto upgrade and its fast blocks and Bitcoin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1179,1134],"class_list":["post-16519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-layer-2-solutions","tag-technical-updates"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16519"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16518"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}