Summary
The article states that projects aiming to improve Bitcoin’s network need further development to avoid its limitations. One project, Stacks’ Nakamoto Release, is focused on enabling faster and cheaper BTC transfers on a Layer 2 solution, reducing transaction times to around five seconds instead of several minutes.
Key Points
1. The authors emphasize the importance of refining projects to avoid the limitations of the Bitcoin network.
2. Stacks’ Nakamoto Release is identified as a specific upgrade that aims to enable cheaper BTC transfers on a Layer 2 (L2) solution.
3. The Nakamoto Release is expected to significantly improve transaction speeds, reducing the time it takes for transactions from 10 to 30 minutes (or more) to just five seconds.