Stacks 2.1 is coming in March. This is happening at an inflection point regarding how the world sees Stacks, which is happening at the same time that many are learning about our community and even joining it. With the Nakamoto release and Subnets coming, it is a great time to be a Stacker.
With that said, we need the Stacks community to learn about a new innovative output of sBTC, the highly anticipated trustless, two-way Bitcoin peg that makes it possible to have native Bitcoin in Clarity smart contracts.
Jude Nelson of the Stacks Foundation has created a 12 page document summarizing what he called “Mini sBTC,” which could be implemented as soon as Stacks 2.1 is live in March, from a technical standpoint.
In summary, the current sBTC SIP proposes changes that are consensus-breaking to ensure miners and stackers are aligned with the safety and liveness of the peg as well as the blockchain. With this said, clever engineering efforts from the world-class talent in the Stacks ecosystem can deploy a “mini sBTC” without breaking consensus rules and get early feedback on the sBTC design!
This document outlines the design and potential work breakdown of this “mini sBTC” that implements sBTC incentives to test them before a SIP-021 hard fork. Click here to access and read it.
Stackers, we need your feedback on mini sBTC as soon as possible. We are looking for feedback to be voiced here by Friday, February 24th, 2023. Share this with a fellow Stacker you know, read the document from Jude Nelson, and share your thoughts! This is our time to make Stacks the best place to build on Bitcoin, and between sBTC and Stacks 2.1, we can truly change everything.
Lastly, for all things sBTC, be sure to sign up for the weekly newsletter by Andre Serrano!