Popular Layer 2 Bitcoin Scaling Network Faces 9 Hour Disruption
Stacks, a layer-2 scaling network for Bitcoin (BTC), recently faced a significant disruption on Friday when block production halted for nearly 9 hours. The incident, attributed to a Bitcoin reorganization (reorg) and unexpected miner behavior, caused upheaval within the Stacks ecosystem and led to a 12% decline in the STX token price over the past 24 hours.
The Context
Stacks was developed to support functionalities like smart contracts for decentralized applications (dApps) and non-fungible tokens (NFTs) on the Bitcoin network, addressing needs not originally accommodated by Bitcoin itself but which have thrived on competing networks over time.
The network leverages both the security and immutability of Bitcoin, offering a secure foundation for developers to build scalable blockchain applications while remaining deeply integrated with Bitcoin. The delay in Stacks block production was due to unforeseen mining behavior alongside a Bitcoin reorg. Core developers are actively investigating the issue to resolve it promptly.
The Problem
Notably, the disruption underscores the challenges faced by blockchain networks built atop Bitcoin during occasional reorganizations, which invalidate previously confirmed blocks and can disrupt applications and scaling efforts, as seen with Stacks.
Still, despite the setback, Stacks remains committed to enhancing network resilience, with plans for the Nakamoto upgrade aimed at introducing a new consensus mechanism to mitigate such issues in the future both quickly and efficiently going forward.
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