Odaily Planet Daily News 📢 Bitcoin L2 network Stacks officially launched the Nakamoto upgrade! This upgrade is designed to increase transaction speed and pave the way for the implementation of smart contracts. 🚀

With this upgrade, Stacks' block generation schedule will be separated from Bitcoin and a proof-of-transfer consensus algorithm will be introduced. Users can mine Stacks blocks and receive rewards by destroying Bitcoin. ⛏️

Network operators have two weeks to implement the upgrade, after which a hard fork will be performed to complete the process. Stacks aims to introduce greater practicality, such as smart contracts and other DeFi features that use Bitcoin as the base layer. To this end, Stacks has also launched sBTC, allowing users to bridge BTC into the Stacks economy. 💡