Working on design scope and working on a proposal to improve speed and hit target confirmation times in the next 3-6 months. Design work prioritized second to Stacks 2.1 upgrade work. Scoped plan and SIP will be presented to the community when complete.
The lack of a stateful smart contract system on Bitcoin necessitates the construction of systems in which a representation of locked Bitcoin is traded within a separate smart-contract-powered blockchain. This working group aims to design (and potentially implement) a trustless and reliable 2-way peg between Bitcoin and Stacks.
Determining market demand for minting, claiming, and transferring of NFTs with Bitcoin. In parallel, working on technical requirements for additional BTC NFT functionality.
Scoping customer interest, market competition, and requirements. Focus on potential partnerships that enable more applications built on new bitcoin write capabilities.