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Stacks Hits 1,400 Monthly Smart Contract Engagements, A New Record

Stacks Surpasses 1,400 Monthly Smart Contract Engagements, Setting a New Record Stacks, the Bitcoin Layer 2 platform, has achieved a remarkable milestone by surpassing 1,400 monthly smart contract engagements, setting a new record. This achievement comes ahead of the highly anticipated Nakamoto upgrade, which is expected to bring about a new era of functionality and …

Stacks Surpasses 1,400 Monthly Smart Contract Engagements, Setting a New Record

Stacks, the Bitcoin Layer 2 platform, has achieved a remarkable milestone by surpassing 1,400 monthly smart contract engagements, setting a new record. This achievement comes ahead of the highly anticipated Nakamoto upgrade, which is expected to bring about a new era of functionality and efficiency to the platform.

The Rise of Stacks

The recent surge in smart contract deals on Stacks is a clear indication of the trust users have in the platform and its potential to offer scalable and secure solutions for building decentralized applications (dApps) on the Bitcoin blockchain. On Wednesday, the site recorded roughly 30% more contract deployments than previous month’s figures.

The Nakamoto Upgrade: A New Era for Stacks

The Nakamoto upgrade, which will be fully operational this year, will allow for seamless BTC transfers between the two platforms. This implementation will essentially transform Stacks into a transaction engine for the Bitcoin blockchain, opening up new opportunities for decentralized finance (DeFi) and other applications. One of the key benefits of Nakamoto’s upgrade is the significant reduction in block time on GitHub, allowing complete Bitcoin finality to be achieved in only 5 seconds. This will significantly improve the user experience, resulting in faster and more reliable transaction processing.

What’s Next for Stacks?

The Nakamoto upgrade began its activation phase on August 28, with Bitcoin block number 840,360 marking the beginning of this new chapter for Stacks. It is anticipated that the upgrade will facilitate the launch of sBTC, a decentralized asset backed by Bitcoin, in the next four weeks. The achievement of 1,400 monthly smart contract engagements is largely due to the hard work and dedication of the Stacks development team, as well as the growing community of users and developers.

Learn More About Stacks and the Nakamoto Upgrade

For more insights and information on Stacks and the Nakamoto upgrade, read our article on [CoinSeeks.com: “Stacks: The Future of Bitcoin Layer 2” ](https://www.coinseeks.com/stacks-the-future-of-bitcoin-layer-2/)

The Future of Stacks

With its goal of becoming the leading platform for decentralized finance and other applications, Stacks is poised to capitalize on the growing demand for secure and scalable blockchain solutions. The platform is expected to reach even greater heights in the coming months and years as it continues to evolve and progress.

Kaan Akdag

Kaan Akdag

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