$STX Stacks plans to complete the Nakamoto upgrade of great significance to Bitcoin before its halving, which mainly includes three aspects:

1. sBTC, a trustless decentralized two-way anchored token, introduces Bitcoin liquidity into smart contracts.

2. Achieve transaction finality. Once confirmed under the PoX block, Stacks transactions will be irreversible.

3. Faster blocks, while maintaining security, generate a block every 5 seconds.

With the implementation of the Satoshi upgrade, Stacks will be able to process existing block transactions on Bitcoin and eventually transform into a true Bitcoin second layer when technically feasible.

With the improvement of network efficiency and the emergence of sBTC, Stacks will be able to provide a high-performance Bitcoin-denominated NFT market.

And under the sBTC mechanism, users can lock Ordinals on Bitcoin L1 and then trade on Stacks' L2, which is faster, lower cost, and more flexible.

In addition, users can explore more traditional decentralized finance (DeFi) applications, such as lending. DeFi projects in the BTC ecosystem will have broader development space.

https://medium.com/@halp1120/stx-thesis-update-cd09b7f2cce8