tl;dr
Muneeb Ali, co-founder of the Bitcoin Layer 2 project Stacks, shared updates on social media about upcoming developments. These include a new Bitcoin restaking protocol for Stacks, integration of sBTC with major partners, and institutional support for sBTC. Despite a delay in the Nakamoto part 2 upg...
Stacks Upgrade and Nakamoto Activation Updates
Muneeb Ali, co-founder of the Bitcoin Layer 2 project Stacks, recently shared exciting updates about future endeavors on the social media platform X. Ali outlined several key advancements leading up to the anticipated Nakamoto part 2 upgrade. Moreover, he emphasized innovations that promise to significantly enhance the capabilities of the Stacks and Bitcoin ecosystem.
Stacks Upgrade to Feature New Bitcoin Restaking Protocol
Ali highlighted the introduction of new Bitcoin restaking protocols, designed to enable BTC yields on Stacks while maintaining liquidity. This development aims to offer Stacks users greater flexibility and utility in their Bitcoin holdings owing to the liquidity feature. Additionally, sBTC, the upcoming native token of Stacks, will be integrated with major partners, with strong institutional support.
Nakamoto Activation Delayed
Security remains a top priority, with new startups and programs focusing on DeFi security and operational security. Despite the delay, Ali expressed confidence in the resilience and growth of the Stacks ecosystem. The Nakamoto activation date has been shifted to August 28, 2024, to ensure network stability and security. This timeline aims to deliver better miner resiliency, improved handling of Signer responsiveness, and enhanced network stability.