Stacks, known as the top layer 2 solution for Bitcoin, has started the rollout of its long-awaited Nakamoto upgrade today. This upgrade aims to help developers create smart contracts and develop applications on top of the secure foundation of Bitcoin, introducing new possibilities to the Bitcoin ecosystem.

Bitcoin is considered a valuable and secure digital asset with untapped potential, which is now being recognized as a key component for decentralized finance (DeFi) and other applications. The emergence of layer 2 solutions like Stacks allows developers to build various new applications for borrowing, lending, trading NFTs, and more, broadening the use cases for Bitcoin.

The Nakamoto upgrade by Stacks brings significant improvements that will play a key role in expanding the capabilities of Bitcoin. By combining Bitcoin with layer 2 solutions like Stacks, developers can create economic ecosystems through apps and smart contracts, potentially unlocking over $1 trillion in dormant capital.

According to Muneeb Ali, the co-creator of Stacks, there is a resurgence of interest in building on Bitcoin, particularly with innovations like Ordinals, Runes, and various layers that make it exciting for developers to explore new possibilities. The Nakamoto upgrade reflects the ongoing progress of the Bitcoin ecosystem towards becoming a secure foundation for experimentation and growth.

With faster transaction processing times and enhanced security features, the Nakamoto release promises to make transactions on Stacks quicker, more cost-effective, and as irreversible as Bitcoin transactions. This upgrade introduces 5-second block times, a significant improvement over Bitcoin's current block times, which range from 10-30 minutes.

The Stacks network's reputation as a reliable platform for developers using smart contracts on Bitcoin is further solidified with this release. Drawing on its experience in the Bitcoin ecosystem, Stacks offers unique layer 2 capabilities to developers, institutions, and others looking to tap into the potential of the Bitcoin economy.

About Stacks

Stacks is a layer 2 solution for Bitcoin that enables smart contracts and decentralized applications to utilize Bitcoin as a secure base layer. The upcoming Nakamoto release, followed by the sBTC release, will bring faster transaction speeds and 100% Bitcoin finality. Stacks is currently the leading Bitcoin layer 2 in terms of developer interest and market capitalization, poised to unlock the $1 trillion dormant capital within Bitcoin as a fully programmable asset.