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Stacks Nakamoto is expected to successfully upgrade on the 15th of this month, and STX production will be halved

Stacks Nakamoto is expected to successfully upgrade on the 15th of this month, and STX production will be halved

Bitget2024/09/02 03:27

After the successful upgrade of Stacks Nakamoto this month, according to the new consensus rules, rewards will be halved, with each Bitcoin block only rewarding 500 STX tokens. As planned, officials expect a hard fork at Stacks block height 861500 to activate all new Stacks Nakamoto rules, improving the efficiency of the Stacks network while simultaneously achieving a reduction in output. Calculated from the current block height, the upgrade is expected to be successfully completed around September 15th. It is reported that the current Stacks blockchain uses POX mining mechanism where miners pledge Bitcoin and are rewarded with STX tokens; each Bitcoin block rewards 1000 STX tokens.

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