jakiro
Author: Sleeping wildly in the rain
I mentioned the BTC ecosystem before, and it specifically mentioned Stacks and Satoshi’s upgrade.Today, I will continue to talk to you about the Stacks project.
Let’s quickly review the basic information of Stacks with you.(Stacks is an old project, let’s take a look at this information)
From my personal point of view, $STX will never miss the market’s hype about the BTC ecosystem, but the previous hype was more like a “castle in the air” and had no foundation.After Satoshi Nakamoto upgrades, Stacks will give the market higher expectations through higher performance and sBTC.
So, what did Satoshi Nakamoto upgrade?
1. Performance
Previously, Stacks’ block confirmation time was followed by Bitcoin (PoX consensus mechanism), and the block creation time was about 10 minutes.This means that as Bitcoin Layer2, Stacks is unqualified. Although it inherits the security of Bitcoin, it does not improve sufficient performance based on Layer1.
After Satoshi Nakamoto upgraded, according to grayscale calculations, the block time and Gas fee of Stacks were reduced from 6min/6.65u to 5s/0.25u.
Higher performance means better user experience, and better experience means greater appeal to users and developers.It will become the foundation for Stacks’ ecological development.For example, it was actually very tiring to stir-fry meme on Stacks before, but now it will be 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 participants.
Another point is that Stacks is optimizing Satoshi Nakamoto upgrades 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 higher performance has the opportunity to compete with other high-performance Layer1/Layer2.
2. $sBTC
Speaking of DeFi, after Satoshi Nakamoto upgrade, the sBTC upgrade will occur in early December (as early as), and more upgrades will be made next January and beyond.The Satoshi Nakamoto upgrade is the basis of sBTC upgrade. The upgrade in early December will optimize the Stacks token issuance mechanism and start sBTC.
btw, I hope it won’t drag it again and again like Satoshi Nakamoto upgrades.
After the upgrade, sBTC will likely become one of the important assets in the crypto market (the previous tricks of $WBTC were also a helper for the development of cbBTC and sBTC, and Coinbase also removed $WBTC).
For sBTC, the most noteworthy thing is its adoption indicator.We can also see Stacks is working hard to promote the adoption of sBTC, such as working with Bitcoin ATM operator Coinflip to integrate Stacks and sBTC, such as introducing sBTC to Aptos, Solana, etc.
For sBTC, the growth model of cbBTC is worth referring to.For example, support Moonwell and use $WELL tokens (and pull up $WELL) rewards to promote the adoption of cbBTC.(And Stacks is rich, and recently conducted a new $20 million financing, and they can use their money to inspire sBTC adoption, such as the lending agreements between Stacks, Aptos and Solana)
Overall, Stacks’ overall expectations are still OK: Satoshi Nakamoto upgrade has brought higher performance and introduced sBTC as the core asset of the Stacks ecosystem. Stacks’ strong strength has further improved the adoption expectations of sBTC.
Finally, a wrong question.Recently, my husband’s chains have been upgrading, such as Fantom Sonic and Avalanche9000. Their core purpose is to promote the adoption of public chains.It can be predicted that the next few months will be quite exciting, and the public chain war will begin again~
