Bitcoin L2 Network Stacks Completes Code Writing for Nakamoto Upgrade

The Stacks Foundation of the Bitcoin L2 network, Stacks, announced on X platform that Nakamoto's code writing has been completed ahead of schedule (July 15th) and is currently undergoing internal and external auditing, testing, and error correction. It is reported that the Nakamoto upgrade will separate Stacks' block production schedule from that of Bitcoin and introduce a new Stacks block production method, updating its transfer proof consensus algorithm. The Stacks Nakamoto upgrade will achieve transaction speeds of around 5-10 seconds, which is about 100 times faster than the current transaction speed.