Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Stacks Registers Unseen Smart Contract Deployment Days Away From Its Nakamoto Upgrade

Source Livebitcoinnews

Bitcoin layer-2 Stacks witnessed 1,400 smart contract deployments month over month, as its soon-to-be-effected Nakamoto upgrade will reduce its transaction confirmation time to seconds.

Popular Bitcoin layer-2 network Stacks has witnessed record-high smart contract deployment as it approaches its Nakamoto hard fork. Over 1,400 smart contracts were deployed on the network just days before the upgrade, showcasing the interest the Bitcoin community has for what’s to come on the network.

“A new high and 30% increase MoM for smart contract deployments on the leading Bitcoin L2, Stacks,” the layer-2’s official account posted on X. “Developers are the foundation of a flourishing Bitcoin ecosystem, making Bitcoin a productive asset.”

Source: Stacks on X

While Bitcoin does not go beyond offering transaction capabilities, Stacks allows developers to build dApps (decentralized applications), including DeFi protocols, leveraging the security of the first-ever blockchain. However, Stacks was limited by low throughput, rendering high execution dApp deployment unfeasible. Until the upgrade kicks in, Stacks will continue to settle transactions anywhere between 10 to 30 minutes, which is on par with the Bitcoin network. However, once Nakamoto kicks in, that story will change, with Stacks expected to exhibit 100X faster transaction confirmations, taking settlement time to mere seconds.

The Bitcoin Community Is Excited for the Upgrade

The excitement engendered from the upcoming upgrade is translating into developers launching smart contracts on the soon-to-be efficient network to leverage the best of BTCFi. The co-founder of the Bitcoin-based DEX Bitflow, Diego May, felt that same excitement, stating, “Nakamoto upgrade is ’round the corner—feeling pumped! This is a huge leap for Bitcoin DeFi, Layer 2 scalability and smart contracts.” He iterated how the update would benefit builders by “opening new doors for developers to innovate.”

“5-sec block times, 100% Bitcoin finality and SBTC are game-changing,” CEO and co-founder of the Bitcoin-based DeFi liquidity protocol, Mithil Thakore, mentioned. “As a builder, I’m thrilled about the new possibilities this unlocks.” sBTC is Stacks’ Bitcoin wrapper token set to roll out four weeks after the Nakamoto upgrade.

While the upgrade is just days away, Stacks developers have yet to choose a precise date.

The post Stacks Registers Unseen Smart Contract Deployment Days Away From Its Nakamoto Upgrade appeared first on Live Bitcoin News.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Dollar presses 102 as the 10-year yield sits at 5.14% — and October hike odds are only 17%The dollar index closed at 101.99 (+0.20%) on Monday after briefly topping 102.07, while the 10-year Treasury yield rose to 5.14% and the 2-year hit 4.774% — yet futures price only about a 17% chance of a hike at the October 27-28 FOMC, versus roughly 90% for December. The driver is a global bond selloff, not a Fed repricing: France's 10-year OAT jumped to 4.84% ~ 4.94% and the OAT-Bund spread widened to 140 ~ 146bp. Here are the levels, the cross-asset read-through and what to watch.

Author Irene Q.

Oct 20, Tue

The dollar index closed at 101.99 (+0.20%) on Monday after briefly topping 102.07, while the 10-year Treasury yield rose to 5.14% and the 2-year hit 4.774% — yet futures price only about a 17% chance of a hike at the October 27-28 FOMC, versus roughly 90% for December. The driver is a global bond selloff, not a Fed repricing: France's 10-year OAT jumped to 4.84% ~ 4.94% and the OAT-Bund spread widened to 140 ~ 146bp. Here are the levels, the cross-asset read-through and what to watch.

Meta's AI bill just hit $145 billion — and it issued a new share class to pay for it Meta reported record third-quarter revenue of $64.60 billion, up 26% from a year earlier, and raised full-year 2026 capital expenditure guidance to $135-145 billion from $130-145 billion. To fund that build-out without touching Mark Zuckerberg's voting control, the company announced a 2-for-1 stock split that hands every Class A holder a new non-voting Class C share. Here are the four lines that matter, the peer group that is being re-rated alongside it, and the bull and bear cases.

Author Irene Q.

Oct 22, Thu

Meta reported record third-quarter revenue of $64.60 billion, up 26% from a year earlier, and raised full-year 2026 capital expenditure guidance to $135-145 billion from $130-145 billion. To fund that build-out without touching Mark Zuckerberg's voting control, the company announced a 2-for-1 stock split that hands every Class A holder a new non-voting Class C share. Here are the four lines that matter, the peer group that is being re-rated alongside it, and the bull and bear cases.

The Fed will sit still on October 28 — but 100 of 100 economists now expect a December hike A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Author Irene Q.

Oct 22, Thu

A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 23, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 23, 2026. Read on for the details.

Author Mitrade

Yesterday 02: 56

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 23, 2026. Read on for the details.

Nasdaq closes at 26,008.86 — 8.9 points above 26,000, and the credit market never blinked The Nasdaq Composite fell 2.60% to 26,008.86 on October 22, its worst session since June, as Meta sank 6.98% on 2026 capex guidance of $135–145 billion. But the equal-weight S&P 500 rose 0.73%, high-yield credit was flat and 10-year yields fell 20 basis points. This was an AI de-rating, not a risk-off event — here is the transmission chain, the 29,000 / 28,200 levels and what would prove it wrong.

Author Irene Q.

23 hours ago

The Nasdaq Composite fell 2.60% to 26,008.86 on October 22, its worst session since June, as Meta sank 6.98% on 2026 capex guidance of $135–145 billion. But the equal-weight S&P 500 rose 0.73%, high-yield credit was flat and 10-year yields fell 20 basis points. This was an AI de-rating, not a risk-off event — here is the transmission chain, the 29,000 / 28,200 levels and what would prove it wrong.

Popular Symbols