Earlier, I briefly mentioned a shining gem in the BTC ecosystem—Stacks—and its highly anticipated Satoshi upgrade. Today, I would like to share more deeply about the charm of this project and how the Satoshi upgrade has given wings to Stacks, allowing it to soar in the vast sky of the BTC ecosystem.
Stacks, a name not unfamiliar in the crypto world, carries the expectations and dreams of many. It is like a seasoned veteran, witnessing the ups and downs of the crypto market, yet always adhering to its original intention, dedicated to building a more prosperous and diverse ecosystem. Today, we will discuss how this veteran has revitalized itself through the Satoshi upgrade.
First, let’s review the basic information about Stacks. Although this information may not be new to those familiar with the crypto world, it is the foundation for understanding the Stacks ecosystem. Stacks, as an older project, has been quietly cultivating the fertile soil of the BTC ecosystem. It inherits the security of Bitcoin but does not stop there. It aspires to bring more possibilities to the BTC ecosystem through technological innovation on top of Layer 1.
However, in the past, Stacks was like a bound giant, full of ambition but constrained by the shackles of performance. Its block confirmation time closely follows Bitcoin, taking about 10 minutes to complete a confirmation. This is undoubtedly an insurmountable gap for a crypto world pursuing efficiency and immediacy. Therefore, although Stacks is impeccable in terms of security, it has not truly met the market and user demands in terms of performance.
But all of this has undergone a tremendous change after the Satoshi upgrade. Like a lightning bolt piercing the night sky, the Satoshi upgrade has brought unprecedented performance improvements to Stacks. According to calculations by the authoritative institution Grayscale, after the upgrade, the block time of Stacks has been reduced from the previous 6 minutes (here I make a slight correction; the original text may have some confusion, the actual comparison is the improvement before and after the upgrade) to an astonishing 5 seconds, and the Gas fee has plummeted from 6.65u to 0.25u. This is not just a jump in numbers but a qualitative leap in user experience.
Imagine, previously trading memes on Stacks was like trudging through mud, with every step filled with uncertainty and fatigue. Now, everything has become effortless, as if walking on clouds, enjoying a dual feast of speed and passion. Higher performance not only means a smoother user experience but also serves as a powerful boost to the development of the Stacks ecosystem. It allows Stacks to attract more users and developers to jointly build a prosperous and diverse ecosystem. In this ecosystem, DeFi products will emerge like bamboo shoots after a rain, ranging from simple lending to complex derivatives trading, everything is available; while the participants in DeFi will expand from early geeks and crypto enthusiasts to a broader general public, bringing the light of inclusive finance to every corner.
In addition to performance improvements, the Satoshi upgrade has also brought another heavyweight weapon to Stacks—sBTC. As the core asset in the Stacks ecosystem, the upgrade of sBTC undoubtedly adds more imaginative space for the future of Stacks. After the Satoshi upgrade, the upgrade plan for sBTC has also been launched vigorously. The first upgrade is expected to take place in early December, and more upgrades will follow in January and beyond next year.
The upgrade of sBTC not only optimized the issuance mechanism of Stacks tokens but also paved the way for the launch of sBTC. We look forward to sBTC becoming a shining gem in the crypto market, competing alongside rivals like WBTC to jointly promote the prosperous development of the BTC ecosystem. The Stacks team is also tirelessly promoting the adoption of sBTC. Their collaboration with Bitcoin ATM operator Coinflip has introduced Stacks and sBTC to a broader user base; at the same time, they have brought sBTC into popular public chains like Aptos and Solana, further expanding its application scenarios.
For sBTC, its adoption is undoubtedly a key indicator of its success. The Stacks team clearly understands this, and they are incentivizing the adoption of sBTC in various ways. For example, they support projects like Moonwell, using the $WELL token rewards to promote the adoption of cbBTC; they are also utilizing Stacks’ strong financial resources to conduct new financing to incentivize sBTC adoption on lending protocols like Stacks, Aptos, and Solana. These measures not only demonstrate the Stacks team’s execution capabilities but also reflect their firm confidence in the future development of sBTC.
Standing at the crest of the Satoshi upgrade wave, we look back on the growth journey of Stacks, and we can’t help but feel a wave of emotions. From its initial obscurity to the current spotlight, Stacks has proven its value with strength. The rise of sBTC has injected new vitality and hope into the Stacks ecosystem. We look forward to Stacks being able to spark a new revolution in the crypto world with the high performance brought by the Satoshi upgrade and the rise of sBTC.
Finally, let’s turn our attention to the broader crypto market. Recently, public chains have been upgrading, such as Fantom Sonic, Avalanche9000, etc., all striving to enhance their competitiveness and drive the adoption of public chains. This public chain war will undoubtedly become a key focus of the crypto market in the coming months. As one of them, can Stacks stand out in this battle? Let’s wait and see!
