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Stacks core developer: Stacks Nakamoto's development work is 90% complete
Odaily Planet News Stacks Nakamoto core development team disclosed that Nakamoto's development work has been completed 90%, and the team is making final preparations for the upcoming official launch on July 15th. It is reported that the Stacks project started in 2013, it is the first Layer2 project on Bitcoin, but based on the Bitcoin UTXO transaction model, the Stacks transaction efficiency is low, which cannot meet the rapid growth of the Bitcoin Layer2 ecosystem. The Stacks Nakamoto upgrade will achieve a transaction speed of about 5-10 seconds, which is about 100 times faster than the current transaction speed.