Stacks Reaches All-Time High in Smart Contract Deployment Ahead of Nakamoto Upgrade

• Stacks, the Bitcoin network's smart contract layer, reached a new all-time high of over 1,400 monthly smart contracts deployed.
• The record high comes ahead of the full activation of the Nakamoto upgrade, expected to revolutionize Bitcoin-based decentralized finance (DeFi).
• The Nakamoto upgrade will enhance performance and security for Stacks projects by relying more on Bitcoin's infrastructure.
• The upgrade will also reduce Stacks' block time to five seconds and create 100% Bitcoin finality.
• The final hard fork block for the full activation of the Nakamoto upgrade is just days away.
• Stacks' upcoming Bitcoin-backed token, sBTC, will roll out four weeks after the Nakamoto upgrade is finalized.

Summary :
Stacks, the smart contract layer of the Bitcoin network, has reached a new all-time high in monthly smart contract deployment with over 1,400 contracts deployed. This milestone comes just before the full activation of the Nakamoto upgrade, which is expected to revolutionize Bitcoin-based decentralized finance (DeFi) and improve scalability. The Nakamoto upgrade will shift Stacks to a "Bitcoin-native" model, enhancing performance and security by relying more on Bitcoin's infrastructure. It will also reduce block time to five seconds and ensure 100% Bitcoin finality. The exact date of the full activation is yet to be determined, as developers want to ensure network stability. Stacks' upcoming Bitcoin-backed token, sBTC, is set to launch four weeks after the Nakamoto upgrade. The upgrade is named after Satoshi Nakamoto, the pseudonymous creator of Bitcoin.

Sources :

- CoinTelegraph