Stacks Confirms New Nakamoto Mainnet Activation for October 30
Stacks Prepares for Nakamoto Mainnet Activation For October 30
Stacks has confirmed the updated activation timeline for its Nakamoto mainnet hard fork, now scheduled for Bitcoin Block #867,867, projected around October 30. This upgrade is expected to significantly boost transaction speed and security on the Bitcoin Layer 2 blockchain.
What’s the News
Updated Nakamoto Mainnet Activation Timeline
The Stacks Foundation has confirmed that the Nakamoto mainnet activation will occur at Bitcoin Block #867,867, projected to take place on October 30, 2024.
This updated timeline follows initial delays from the previously planned Block #864,864. The announcement was made just ahead of Bitcoin’s whitepaper anniversary, a fitting milestone given Stacks’ strong ties to Bitcoin through its Proof of Transfer (PoX) model.
This activation marks a critical step toward enhancing the efficiency of Stacks, improving transaction speed, and security as part of the Layer 2 blockchain solution built on Bitcoin.
Key Enhancements with Nakamoto
The Nakamoto upgrade will address several key challenges, including slow transaction confirmation times due to Bitcoin’s block production rate.
The decoupling of Stacks block production from Bitcoin’s block schedule will allow Stacks blocks to be produced in seconds, speeding up transactions dramatically.
Furthermore, the release will introduce improvements to the cryptographic sortition algorithm, making it more resistant to miner extractable value (MEV). Adding competitive spending and randomness to miner selection, will ensure fairness and reduce potential exploitation by Bitcoin miners.
These upgrades make Stacks transactions as secure and irreversible as Bitcoin's blocks, adding a new layer of trust to the system.
Conclusion
The Nakamoto mainnet activation promises to bring significant improvements to Stacks, enhancing transaction speed, security, and fairness. This upgrade, set for late October, positions Stacks for further growth, backed by its integration with Bitcoin’s powerful Proof of Work mechanism.
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