Stacks Nakamoto Upgrade is likely to be deployed on April 16, close to the Bitcoin halving. The total value of assets locked on the Stacks blockchain has crossed $150 million as of April 15. STX price has climbed nearly 35% from Saturday’s low of $2.07. Stacks operates as a Layer 1 blockchain network and is set to deploy its Nakamoto Upgrade tentatively on April 16, close to the Bitcoin halving estimate of April 20.
Stacks is awaiting its next key upgrade, the Nakamoto Upgrade, focused on making the blockchain faster and more secure. 99.98% of voters favored the upgrade to the Stacks blockchain. In its official blog, Stacks explains that the upgrade will mean that the chain not only settles existing block transactions on Bitcoin but upgrades to 100% BTC reorg resistance. This will mean the STX blockchain becomes faster and has rapid block times. Currently, the block time is between 10 and 30 minutes.
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