Stacks core developer: Stacks Nakamotos development work is 90% complete

Odaily News The core development team of Stacks Nakamoto disclosed that 90% of the development work of Nakamoto has been completed, and the team is making final preparations for the official launch on July 15. It is reported that the Stacks project started in 2013 and is the first Layer2 project on Bitcoin. However, the transaction efficiency of Stacks is low due to the Bitcoin UTXO transaction model, which cannot meet the needs of the rapidly growing Bitcoin Layer2 ecosystem. The Stacks Nakamoto upgrade will be able to achieve a transaction speed of about 5-10 seconds, which is about 100 times faster than the current transaction speed.