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Stacks’ smart contracts reach record high ahead of Nakamoto upgrade

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Stacks, a leading blockchain network known for its innovative use of Bitcoin, has achieved a significant milestone in smart contract activity following the recent Nakamoto upgrade. This upgrade, implemented to enhance the network’s capabilities, has led to a record-breaking surge in smart contract executions on the platform.

The Nakamoto upgrade, launched earlier this month, introduces several key improvements designed to boost the efficiency and scalability of smart contracts on the Stacks network. Among the enhancements are optimized contract execution processes and increased network throughput, which have collectively contributed to a substantial increase in smart contract deployments.

According to recent data, the number of smart contracts deployed on Stacks has reached unprecedented levels, surpassing previous records by a wide margin. This uptick reflects growing interest and adoption of Stacks’ unique approach to integrating smart contracts with Bitcoin, allowing for more complex and decentralized applications to be built on top of the Bitcoin blockchain.

Stacks’ CEO, Muneeb Ali, expressed enthusiasm about the results, stating, “The Nakamoto upgrade has significantly elevated the capabilities of our network, enabling developers to deploy and interact with smart contracts more efficiently than ever before. This surge in activity underscores the growing potential of Stacks as a platform for innovation in the blockchain space.”

The Nakamoto upgrade is also expected to enhance the overall user experience by reducing transaction costs and increasing processing speeds. These improvements are seen as critical steps toward achieving greater scalability and adoption of blockchain technology in real-world applications.

Industry experts have noted that Stacks’ achievements could set a new benchmark for other blockchain networks exploring smart contract functionality. The successful implementation of the Nakamoto upgrade demonstrates the potential for combining smart contract technology with established blockchains like Bitcoin, paving the way for more robust and versatile decentralized applications.

As Stacks continues to build on this momentum, the network’s development team is focusing on further innovations and enhancements to maintain its competitive edge. The impressive results following the Nakamoto upgrade highlight Stacks’ commitment to advancing blockchain technology and expanding its use cases.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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