Bitcoin Layer-2 Stacks Set to Receive Its Nakamoto Upgrade, Will Enhance DeFi on Bitcoin. Stacks—a layer-2 Bitcoin network—will receive its latest upgrade, called Nakamoto, on Wednesday, August 28. With that, the Bitcoin community can witness high execution DeFi use cases unknown to the Bitcoin network.

That will occur due to the numerous capabilities this upgrade will unlock. The upgrade will bring massive scalability to Stacks. 
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 Impact on Digital Economy: The group fears that the licensing requirements could hamper Malaysia's growing digital economy, which has seen significant investments this year Insufficient Time for Compliance: The proposed timeline for implementation has been criticized for leaving the industry with insufficient clarity and time to understand and adapt to the new regulations 

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