💲 The Bitcoin ecosystem just hit a major milestone with the full activation of Stacks Nakamoto upgrade at block 867867.

📝 For those unfamiliar, Stacks is a Layer 2 solution built on top of Bitcoin.

🍿 What You Need to Know About the Nakamoto Upgrade and Bitcoin DeFi:

1️⃣ DeFi Potential: Currently, just 0.012% of Bitcoin is used in DeFi. The upgrade aims to expand Bitcoin-backed lending, stablecoins, and other DeFi functions.

2️⃣ Faster Transactions: Using the Stacks Layer 2, transactions process in under 5 seconds, compared to Bitcoin’s 10-minute block time, without changes to Bitcoin's core.

3️⃣ Security: Nakamoto’s model maintains Bitcoin’s established security level while enabling faster, more flexible transactions.

4️⃣ New Programming Language: Clarity, designed specifically for Bitcoin, allows secure programming for DeFi.

5️⃣ Proof of Transfer (PoX): PoX links Stacks and Bitcoin economically, it let users secure the network by locking STX and earn BTC rewards.