$STX
The upcoming Nakamoto upgrade of the Stacks network is a major milestone that will occur at Bitcoin block height 867867, an event expected to occur on October 29th. The core of this upgrade is the introduction of "Fast Blocks" and "Bitcoin Finality" mechanisms, which will significantly increase transaction speed and decouple the block production of the Stacks network from the production of Bitcoin blocks. This reduces transaction confirmation time to just a few seconds.
This upgrade is relatively simple for users and holders of the Stacks network, who do not need to take any action as most wallets will automatically upgrade and users may not even realize that the network has changed. For exchanges, their role is similar to other upgrades and mainly involves upgrading nodes to the latest version.
Overall, the Nakamoto upgrade will make the Stacks network a faster, more secure and scalable platform, providing new possibilities for building the Bitcoin ecosystem.