According to ChainCatcher, Grayscale announced the creation of Stacks and Near Trusts yesterday. This is the first time Grayscale has created a new virtual currency trust since 2024. Grayscale said that Stacks will help introduce smart contracts and decentralized applications (dApps) into the Bitcoin ecosystem, which will increase institutional interest.
Stacks is a Bitcoin layer2 project founded in 2017. The initial version was completely linked to the Bitcoin UTXO mechanism, and the transaction speed was completely synchronized with Bitcoin, which made the user experience poor. The latest Nakamoto upgrade is now fully launched in August, which will bring a transaction speed of about 10 seconds, greatly improving the interactive experience of the Stacks ecosystem.
