The Nakamoto upgrade aims to enhance the Stacks blockchain by decoupling its block production schedule from Bitcoin's, allowing for faster transactions and increased utility.
The implementation of the Nakamoto upgrade introduces a proof-of-transfer consensus algorithm, where users burn bitcoin to mine Stacks blocks and earn rewards, revolutionizing the mining process.
With the rollout of sBTC, Stacks is facilitating easier integration of Bitcoin into decentralized finance, allowing users to bridge their BTC to the Stacks economy effectively.
Despite the advancements and upgrades with Stacks, the STX token has seen a decline over 8% in value recently, mirroring broader market trends.
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