Bittime - Blockchain Stacks (STX) will implement the Nakamoto upgrade on its blockchain. This upgrade not only improves the speed and security of transactions, but also strengthens integration with Bitcoin, giving a new dimension to the user experience and overall functionality of the system.
Nakamoto upgrade, what is it?
Nakamoto's upgrade is a significant step forward for the Stacks blockchain. With the aim of drastically improving transaction confirmation times, while maintaining security standards on par with Bitcoin, this upgrade presents a series of changes that have the potential to change the way we interact with blockchain technology.
One of the biggest changes is the introduction of faster block times. With a new block target every 5 seconds, transactions are expected to be confirmed in seconds instead of minutes. This is good news for decentralized applications (dApps), particularly in the decentralized finance (DeFi) sector, where transaction speed is key.
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Increase Security
In terms of security, Nakamoto's upgrade ensures that every confirmed transaction on the Stacks blockchain achieves the same level of security as a Bitcoin transaction.
This is achieved through the periodic commitment of Stacks miners to the Bitcoin blockchain, which ties the history of the Stacks blockchain into the security of Bitcoin. As a result, transactions are irreversible, providing users with strong security guarantees.
The upgrade also introduces measures to better handle Bitcoin reorganization. Valid Stacks transactions remain confirmed despite the Bitcoin reorganization, with only transactions dependent on the status of the lost Bitcoin requiring remining. This guarantees the integrity of the network and maintains the validity of Stacks transactions.
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Fairness in Mining
Nakamoto upgrades also pay attention to fairness in mining, ensuring a fair distribution of rewards for all miners. With the implementation of the anti-MEV strategy, these upgrades reduce unfair advantages and encourage a healthy and competitive mining environment.
Impact of Nakamoto Upgrade
With these improvements, the Stacks blockchain is poised to offer better performance and tighter integration with Bitcoin. Users and developers can enjoy a smooth transition to the new protocol, leveraging the maturity and stability of Stacks 2.0.
Conclusion
Nakamoto's upgrade provides significant improvements not only in terms of transaction speed and efficiency on the Stacks blockchain, but also in the security aspect. This integration with Bitcoin means that once a transaction on the Stacks blockchain is confirmed, it can be very difficult to reverse it, just as difficult as trying to undo a transaction that has already taken place on the Bitcoin blockchain.
This is a major advance in blockchain security as it adds a strong layer of protection to transactions, making it more secure and trusted.
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How to Buy Stacks (STX) on Bittime
You can buy and sell Stacks (STX) in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
Stacks (STX) is available on Bittime with the STX/IDR market pair. To be able to buy STX IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy Stacks (STX) on Bittime.
Monitor the price chart movements of Stacks (STX), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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