Bitcoin L2 Stacks, a layer-2 blockchain on Bitcoin, experienced a 5-hour outage halting transactions. The network stopped producing blocks on Jan. 6, with no new blocks created due to a delay in block production caused by a signer. Despite ongoing investigations, a resolution timeline is yet to be provided. The Nakamoto upgrade aimed to enhance transaction speeds and security, aligning Stacks with Bitcoin's finality. This outage coincides with Stacks' sBTC initiative progress, reaching 1,000 tokens valued at nearly $99 million. The Stacks (STX) token remains unaffected, with a 4% gain in 24 hours. Oluwapelumi and Liam Wright from CryptoSlate share insights on DeFi and decentralized technology. Follow for daily updates on X. Institutional adoption and technological advancements drive positive forecasts for the crypto landscape in 2025. Disclaimer: Cryptocurrency trading is high-risk; conduct your own research before investing. Read more AI-generated news on: https://app.chaingpt.org/news

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