↑ Stacks Makes Significant Strides with Nakamoto Upgrade, Harnesses Major Crypto Attention
Stacks , the notable Bitcoin Layer-2 Project, is making strides with the activation of its eagerly awaited 'Nakamoto' upgrade. The 'Nakamoto'...
The Stacks network, a Layer-2 solution for the Bitcoin blockchain which improves scalability and functionality, is implementing its Nakamoto upgrade. The upgrade is expected to drive a $70bn DeFi market for Bitcoin. While the recent news of the update saw the cryptocurrency's price decrease by more than 3%, it also promises faster Bitcoin transactions adding new potential to the network. Furthermore, the same update will allow Stacks to implement sBTC, enhancing DeFi on Bitcoin. SEC has ended its probe into Stacks blockchain, thereby removing one potential obstacle for the network’s continued success. However, with the upgrade happening, few analysts remain bearish on STX, forecasting the price to hit $1. Despite the drop in price, the upgrade has seen a surge in active users and all-time high in the total value locked in the network, indicating a positive trend and increased interest in the Stacks network.
Stacks News Analytics from Thu, 01 Feb 2024 08:00:00 GMT to Thu, 29 Aug 2024 21:16:00 GMT - Rating -1 - Innovation 9 - Information 8 - Rumor 6
