BitEagle analyzes STX dynamics and progress

1. Stacks plans to launch the Nakamoto upgrade this year, which will make it a true Layer2 solution. The upgrade code has been completed and will be deployed to the mainnet soon. The upgrade aims to significantly increase transaction throughput, achieve 100% finality of Bitcoin transaction confirmation, and reduce transaction confirmation time from 10 minutes to about 10 seconds.

2. The Nakamoto upgrade will also enhance the security of Stacks to keep it consistent with the Bitcoin network. Even in the event of a reorganization of the Bitcoin network, most Stacks transactions will remain valid, improving overall network reliability.

3. In addition to the Nakamoto upgrade, Stacks will also launch sBTC, a decentralized, programmable 1:1 Bitcoin-backed asset that can deploy and transfer BTC between Bitcoin and Stacks (L2).

4. sBTC enables smart contracts to write transactions to the Bitcoin blockchain, and in terms of security, transfers are guaranteed by the entire Bitcoin hash power.

5. Stacks currently has a relatively rich ecological project, and the current on-chain TVL has reached 200 million US dollars. $STX $AUCTION