Much Anticipated Altcoin Update Disappoints Again: 8 Weeks Postponed – Token Price Crashed in the Last Month

Bitcoin layer-2 project Stacks (STX) has announced a significant delay in the activation of the much-anticipated Nakamoto update. The delay was due to the need for an additional eight weeks of development time.

Mitchell Cuevas, who heads the Stacks Open Internet Foundation, detailed the reasons behind the delay in a recent blog post. Cuevas explained that, armed with more knowledge and practical experience with the features of the new network, the core developers determined that they needed a more advanced Signer resiliency/recovery system. This was something originally planned for a later release.

As a result, they anticipate an additional eight weeks of development and testing time before the second hard fork, which will bring Nakamoto features to us in 'Activation'. The new Signer flexibility features are expected to be completed by July 15, with Activation to begin on August 28.

Cuevas acknowledged his disappointment that the dates were changed so late. He wrote: “Fast blocks can't get here fast enough. However, this change is being made to ensure the security and liveness of the network upgrade.”

STX has lost approximately 40 percent of its value in the last month.

*This is not investment advice.