Author: Sleeping in the Rain

I have mentioned the BTC ecosystem before, and specifically mentioned Stacks and Among them, Satoshi upgraded. Today I will continue to talk to you about the Stacks project.

First let me quickly share with you the basic information of Stacks. (Stacks is an old project, just take a look at this information)

From my personal point of view, $STX has never been absent from the market’s hype for the BTC ecosystem, but the previous hype was more like A "castle in the air" without a foundation. After the Satoshi upgrade, Stacks will give the market higher expectations through higher performance and sBTC.

So, what exactly did Satoshi Nakamoto upgrade?

Previously, the block confirmation time of Stacks followed that of Bitcoin (PoX consensus mechanism), and the block generation time was about 10 minutes. This means that as Bitcoin Layer 2, Stacks is unqualified. Although it inherits the security of Bitcoin, it does not improve enough performance based on Layer 1.

After Satoshi Nakamoto’s upgrade, according to grayscale calculations, Stacks’ block time and gas fee have been reduced from 6min/6.65u to 5s/0.25u.

Higher performance means better user experience, and better experience means higher attractiveness to users and developers. It will become the foundation for the development of the Stacks ecosystem. For example, it used to be tiring to post memes on Stacks, but now it’s much easier. We can also see more possibilities for Stacks DeFi, such as a wider range of DeFi products and a wider range of DeFi parameters.With.

One ​​more thing, Stacks is optimizing the Satoshi upgrade to achieve lower latency and higher bandwidth.

In terms of thinking, Stacks is still committed to solving the previous shortcomings of Stacks to achieve higher performance. Only with higher performance can there be a chance to compete with other high-performance Layer1/Layer2.

Mentioning DeFi, after the Satoshi Nakamoto upgrade, the sBTC upgrade will occur in early December (at the earliest), and will occur in January next year and beyond. Make more upgrades. The Satoshi upgrade is the basis for the sBTC upgrade. The upgrade in early December will optimize the Stacks token issuance mechanism and launch sBTC.

btw, I hope it won’t be delayed like the Satoshi Nakamoto upgrade.

After the upgrade, sBTC will likely become one of the important assets in the crypto market (the previous failure of $WBTC was also a boost to the development of cbBTC and sBTC, and Coinbase also $WBTC is set up).

The most noteworthy thing about sBTC is its adoption metrics. We can also see Stacks working hard to drive sBTC adoption, such as partnering with Bitcoin ATM operator Coinflip to integrate Stacks and sBTC, such as bringing sBTC to Aptos, Solana, and more.

For sBTC, the growth model of cbBTC is very worthy of reference. For example, support Moonwell and use $WELL token (and pull $WELL) rewards to drive the adoption of cbBTC. (And Stacks is rich and recently raised $20 million in new financing. They can use their free money to incentivize the adoption of sBTC, such as incentivizing the adoption of sBTC on the lending protocols of Stacks, Aptos, and Solana) < /p>

Overall, the overall expectations of Stacks are okay: Nakamoto upgrade brings higher performance and introduces sBTC as Stacks The core asset of the ecosystem, Stacks’ strong strength has improved sBTC’sUse expectations.

Finally, a crooked question. Recently, old public chains are undergoing upgrades, such as Fantom Sonic and Avalanche9000. Their core purpose is to promote the adoption of public chains. It is foreseeable that the next few months will be quite exciting, and the public chain war is about to begin again~