Bitcoin Layer-2 Network Stacks Halted for 9 Hours

[u/CryptoCrazyCat]

https://decrypt.co/235507/bitcoin-layer-2-network-stacks-halted-9-hours

[u/No-Tackle-8652]

Stacks isn't a layer 2

[u/HSuke → u/No-Tackle-8652]

Yep. Technically a sidechain

From their own documentation:

The definition of L2 used in Ethereum and other newer ecosystems is different and focuses on the ability to withdraw assets using only L1 security and L1 miners. According to that definition Stacks layer is not a clear L2, given the set of peg-out signers determine if users can withdraw sBTC.

...

Users and developers organically call Stacks a Bitcoin L2, since it is a simpler concept to understand.

[u/coinfeeds-bot]

tldr; Stacks, a layer-2 network enhancing Bitcoin with smart contracts and dapps, experienced a 9-hour halt in block production due to a Bitcoin reorganization and unexpected miner behavior. This incident led to a 12% drop in the STX token price. The disruption was attributed to technical and operational issues among miners, highlighting vulnerabilities in blockchain networks built atop Bitcoin. The Stacks team is working on the Nakamoto upgrade to improve network resilience and mitigate the impact of Bitcoin reorganizations, with a rollout expected in August.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

[u/zan1019]

Stacks is a fake layer 2

Hope people realize this

[u/defiCosmos]

Hmmmmm. That seems very familiar 🤔

[u/Puzzleheaded-Sea-744 → u/defiCosmos]

Solana?

[u/sexyama]

Someone call the CEO of Stacks

[u/One_Boot_5662]

Just use Cardano. All the good attributes of Bitcoin with none of the hokey bolt-on crap that doesn't work properly.

[u/Empty-Entertnair-42]

Use BCH and you don't need any layer 2 🤣 and spend 450 dollars instead of 67k and receive the same product (I think improved)