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Stacks unveils implementation of Nakamoto Upgrade The Stacks Nakamoto Upgrade is live. Through this upgrade, #Stacks introduces 'Fast Blocks' and a 'Bitcoin Finality' mechanism to accelerate transaction speeds. Stacks block production will function independently of #Bitcoin block production, enabling user transactions to be confirmed in seconds. Additionally, Stacks announced the launch of sBTC, its non-custodial, programmable 1:1 Bitcoin-backed asset that enables decentralized movement of $BTC in/out of Bitcoin layers, in 4-6 weeks. 👉 stacks.org/nakamoto-is-here
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Peaq announces the launch of its DePIN Layer 1 protocol on November 12th #Peaq will launch its #DePIN #Layer1 protocol on November 12th. Earlier this year, Peaq raised $20M through a CoinList #ICO , with over 14,500 community members contributing more than $36M. Additionally, Peaq secured $23.5M in funding rounds from Borderless Capital, Generative Ventures, The Spartan Group, Animoca Brands, HashKey Capital and others. Peaq is a Layer 1 blockchain designed to power Decentralized Physical Infrastructure Networks and Machine Real World Assets. 👉 x.com/peaq/status/1850879241061036429
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Daily Summary on October 29, 2024 $SUI $ENA $PENDLE $STX #FLOKI #BTC $ETH $SOL $DOGE #dailysummary #DeFi #Crypto
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Gelato raises $11M in a Series A+ funding round #Gelato secures $11M in a Series A+ funding round led by Hack VC, with participation from Animoca Brands, IOSG Ventures and Bloccelerate VC. Raised funds Gelato will use to expand its team and service to support more enterprise-grade rollups, aiming to become the “go-to platform” for startups to launch their own blockchains. Gelato Network is a decentralized network of bots used by #web3 developers to automate smart contract executions on public blockchains. With Gelato, developers can outsource their web3 DevOps, allowing them to focus on building their core products. 👉 x.com/gelatonetwork/status/1850917037079437317
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COIN OF THE DAY $BTC #Bitcoin #Crypto2024 #dyor
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