-
Stacks,
the
Bitcoin
layer-2,
has
begun
the
Satoshi
upgrade
that
decouples
the
block
production
schedule
on
Stacks
from
Bitcoin’s. -
Network
operators
now
have
a
two-week
window
to
implement
the
Nakamoto
upgrade,
after
which
there
will
be
hard
fork
that
completes
the
process.
Stacks,
a
layer-2
blockchain
that
augments
the
Bitcoin
network,
has
begun
its
Nakamoto
upgrade
with
the
aim
of
making
transactions
even
faster.
The
Nakamoto
upgrade,
which
is
named
after
Bitcoin’s
pseudonymous
creator,
Satoshi
Nakamoto,
will
decouple
the
block
production
schedule
on
Stacks
from
Bitcoin’s.
Network
operators
now
have
a
two-week
window
to
implement
the
Nakamoto
upgrade,
after
which
there
will
be
hard
fork
that
completes
the
process.
Nakamoto
introduces
a
new
way
of
producing
Stacks
blocks,
using
a
proof-of-transfer
consensus
algorithm.
Users
burn
bitcoin
(BTC)
to
mine
Stacks
blocks
and
receive
rewards.
This
process
began
its
implementation
in
April,
with
block
“signers”
coming
online
to
validate
“tenures”
of
transactions.
Tenures
are
periods
of
time
that
miners
are
assigned
to
produce
multiple
blocks
that
are
ultimately
settled
on
Bitcoin.
Stacks’
aim
is
to
introduce
greater
utility
such
as
smart
contracts
and
other
decentralized
finance-related
functions
using
Bitcoin
as
a
base
layer.
To
this
end,
Stacks
is
also
rolling
out
sBTC,
a
bridging
asset
that
allows
users
to
bridge
their
BTC
to
the
Stacks
economy.
STX,
the
token
used
as
fuel
for
the
network
and
as
the
reward
for
miners,
has
fallen
over
8%
in
the
last
24
hours.
The
broader
digital
asset
market
has
also
slumped,
with
the
CoinDesk
20
Index
down
nearly
4%.
