🎉Good news! The Stacks Nakamoto core development team has completed 90% of the development work and is making final preparations for the official launch on July 15. 👏
🔍Looking back, the Stacks project started in 2013 and is the first Layer2 project on Bitcoin. However, due to its Bitcoin UTXO transaction model, Stacks' transaction efficiency is low and cannot meet the rapidly growing Bitcoin Layer2 ecosystem needs.
🚀But all this is about to change! The upgrade of Stacks Nakamoto will be able to achieve a transaction speed of about 5-10 seconds, which is about 100 times faster than the current transaction speed. This is undoubtedly a great contribution to the Bitcoin ecosystem. Let us look forward to the official launch of this upgrade together! 🎈
We are always optimistic about Bitcoin. 😊Let us pay attention to the global regulatory dynamics of blockchain, industry trends, and cryptocurrency news, and witness the development of this industry together! 🌟