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News - Stacks (STX) reaches annual high
The BTC Layer 2 Network Stacks (STX) has risen 63 percent in value over the past seven trading days after stabilizing above $1.03. In addition to interest in Inscription on the blockchain of Bitcoin, Stacks is currently benefiting from the upcoming Nakamoto upgrade, whose release is scheduled for Bitcoin's half-life date.
With the Nakamoto upgrade Stacks not only settles transactions on Bitcoin but will upgrade to 100% Bitcoin reorg resistance. Stacks will also be dramatically faster with current estimations being around 5 second block times.
— stacks.btc (@Stacks) December 18, 2023
Learn when to expect what 👇https://t.co/hXQYum94Qr
In the last 24 hours of trading alone, STX's share price rose 24 percent and reached a new annualized high of $1.46, leading the list of today's top 100 altcoins.
Stacks (STX) is the native cryptocurrency of the Stacks blockchain, which is designed to bring smart contracts and decentralized applications (DApps) to the Bitcoin network. The Stacks blockchain is built as a layer on top of the Bitcoin blockchain, allowing developers to build and deploy smart contracts and DApps using the security and stability of the Bitcoin network.
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