Stacks Foundation: Recapping Our Work in T3 ‘24
In the final tertile of 2024, the Stacks Foundation’s work was defined by the Nakamoto upgrade and sBTC launch. Instead of our usual OKRs, we aligned our efforts around a few basic major outcomes. Ship Nakamoto. Ship sBTC. Fill the cap. With the rest of the ecosystem and our partners, we rallied around Bitcoin’s future.
This post will serve in place of our usual OKR reports that you can find in our index, while this previous post offers an even deeper breakdown of our contributions during this period.
This post will serve in place of our usual OKR reports that you can find in our index, while this previous post offers an even deeper breakdown of our contributions during this period.
Key T3 Outcomes
- Nakamoto Upgrade Activation: The culmination of years of work, Nakamoto’s activation in October 2024 delivered 120x faster block production and Bitcoin-level finality, ensuring Stacks transactions are as irreversible as Bitcoin’s. This milestone sets the stage for sBTC, a programmable Bitcoin asset that bridges Bitcoin to Stacks’ ecosystem.
- sBTC Launch and Cap Fill: Hot on the heels of Nakamoto, sBTC and its initial 1000 BTC cap went live, putting Stacks in a prime position for growth in 2025. The release was a success, quickly reaching its cap despite the holiday timing, and boasted several big name players among its initial mint. Including the run-up to Nakamoto and sBTC, Stacks was covered in every major publication in the industry, while our Signer delegation program and other partnerships are enabling ecosystem growth and further interoperability.
- Developer Growth: We were thrilled that while priority was applied to technical launches and driving initial traction for sBTC, our ongoing developer education programs resulted in Stacks ranking as the #7 fastest-growing developer ecosystem in Electric Capital's latest annual report. Events like major hackathons with EasyA, our partnership with LearnWeb3, and our Code4STX program were the primary drivers of this growth, and we’re excited to invest in them further in 2025.