The Stacks network, the second-largest layer of Bitcoin (BTC) by market cap, is about to see its most significant upgrade in history. The Nakamoto upgrade, which will go live on August 28 (September 7), will bring fundamental changes to this network. This upgrade will speed up transactions and reduce fees, which will be revolutionary for DeFi applications on Bitcoin. Projects like the decentralized exchange Velar will benefit from this upgrade. This update coincides with an increased interest in Bitcoin development following the launch of the Ordinals protocol. There are currently around 80 Bitcoin second-layer solutions, which is a testament to the interest in this new phase. These developments raise questions about the future of Ethereum (ETH), as similar products can now be developed on Bitcoin.
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