Let’s take a closer look at the technical timelines and rollout plan as it stands today. Off the top, I’m excited to share that Core Developers now have locked-in the optimal release strategy for sBTC and Nakamoto and are still confident in their projections for a Nakamoto release at the time of Bitcoin halving
. This aligns nicely with other work going on in the ecosystem to maximize and support
Nakamoto and tee the ecosystem up for success and growth.
During the latest design cycles, Core Developers have also been able to sort out a release strategy for sBTC which is expected to fast-follow the Nakamoto upgrade after the network demonstrates stability following the release. With the multitude of testing strategies and resources in place, technical contributors are expecting a smooth rollout for Nakamoto, meaning sBTC can be released approximately 2 months after. This sequencing of hardforks maximizes the predictability and safety of both upgrades by reducing overall complexity.
Progress on sBTC will continue throughout the first quarter of 2024 as Nakamoto is prioritized and finalized, including a focus on signer activation (see this exciting news from Figment
), Clarity WASM work, and the Revealer API. Almost all the remaining technical work for sBTC is scoped and can be picked up by contributors as resources from Nakamoto clear.