Stacks, a Layer-2 network enabling smart contracts and decentralized applications (dApps) on Bitcoin, has announced that the community has approved the L2’s Nakamoto upgrade.
Meanwhile, there's great excitement around new NFT and game project Bitcoin Dogs. Find out why.
Stacks' Nakamoto upgrade gets community nod
According to the Stacks Foundation, 100% of voters with Stacked STX approved the upgrade, while 99.98% of votes by non-stackers voted “yes”.
With the community vote in, the Nakamoto Testnet will now go live on March 25, 2024. Meanwhile, Nakamoto Mainnet (Instantiated) is expected between April 15-29 and Nakamoto Mainnet (Activated) between May 15-29.
Nakamoto is set to improve Stacks' L2 capabilities, with increased transaction throughput and 100% Bitcoin finality.
“This is a great opportunity for builders and Signers alike. We encourage you to join this testnet, begin building alongside the live network, and provide invaluable feedback that will help developers and contributors prepare for the mainnet release,” the Stacks Foundation wrote in a blog post.
The mainnet launch will see the network’s overall performance improved. A higher TPS combined with 100% Bitcoin finality means the network will not just handle more transactions, but provide the same security and reliability that Bitcoin offers.
The STX community’s bullish stance has increased after this move, adding to recent upside momentum in the Bitcoin L2 ecosystem. Experts believe the Bitcoin ecosystem is primed for a new era where developers can leverage the secure Bitcoin network to build and deploy dApps.
NFTs have already taken off big time with ordinals and developers are eyeing a spurt with gaming and DeFi.
STX price surges, defying crypto downturn
Stacks (STX) price surged more than 13% on Wednesday morning after the community vote. While Bitcoin (BTC) dipped below $61,000 to threaten a deeper correction, STX defied the downside move to hit intraday highs of $2.96.
STX bulls remained largely in control near the all-time high of $3.47 reached on March 11, 2024 within sight.
As noted above, the Nakamoto upgrade is a major milestone for Stacks, the top Bitcoin layer network. STX price has soared over the past several months.
Bitcoin Dogs to bring NFTs and gaming to Bitcoin
L2 networks and the launch of Ordinals have opened up a world of possibilities on the Bitcoin network.
Bitcoin Dogs (0DOG) is one of those projects set to redefine the OG blockchain’s new ecosystem.
Issued on the BRC-20 token standard, 0DOG became the first BRC ICO on the Bitcoin blockchain. 900 million 0DOG tokens were minted, with the presale offering 810 million to the public via the presale from February 14 to March 15, 2024.
After conducting a highly successful presale that raised more than $13.4 million over 30 days, Bitcoin Dogs is ready to make waves in the world of NFTs and gaming.
Other than the 0DOG token, Bitcoin Dogs brings a 10,000 NFT Collection. The platform will blend these rare digital pet dogs’ collectibles with an interactive gameplay where players can earn 0DOG.
Bitcoin Dogs’ upcoming launch is exciting as the community eyes major exchange listings.
Notably, the project rolls out its next phase of development as the crypto landscape experiences a great shift towards Bitcoin NFTs, games and other applications. It could be a huge boost for 0DOG.
Learn more about Bitcoin Dogs here.
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