Stacks Passes Bitcoin Staking Upgrade With 99 Percent

The Stacks community just approved SIP 045, also known as the PoX 5 upgrade, with over 99 percent of the votes cast in favor. Stacks co creator Muneeb Ali shared the news, marking a massive milestone for the network and its supporters.

This upgrade brings native Bitcoin staking and a brand new emission schedule to the ecosystem. Following the community vote, the network is now preparing for a hard fork. Developers are targeting July 29 for the hard fork, which will align roughly with Bitcoin block 907,740.

Traders and holders should watch for updates from exchanges and wallet providers as the hard fork date approaches. This upgrade aims to bring more utility to the Stacks network, making it an important event to track for anyone involved in Bitcoin layer two scaling solutions.