The Nakamoto upgrade, set to activate on October 29, is anticipated to significantly enhance the Stacks ecosystem.

This hard fork addresses existing issues such as slow confirmation times and ineffective micro-blocks, aiming to improve transaction throughput and security.

One of the key goals of the upgrade is to achieve transaction finality closely tied to Bitcoin's, ensuring that transactions on Stacks are as secure as those on the Bitcoin network.

Post-activation, Stacks will separate its block production from Bitcoin's schedule, allowing for blocks to be produced in seconds.

Despite this decoupling, all transactions on Stacks will still require confirmation on the Bitcoin mainnet, maintaining security without the risk of reversals.

The Nakamoto mainnet rollout, scheduled for Bitcoin Block #867,867 around the end of October, aims to enhance Stacks' transaction speed and security.

This upgrade will not sever the relationship between Stacks users and Bitcoin miners; instead, it aims to enhance collaboration.

The Stacks blockchain utilizes the Proof of Transfer model, leveraging Bitcoin’s Proof of Work consensus mechanism.

Recently, Stacks (STX) has experienced a 12% price increase in the last week and a 30% rise in the past month, benefiting from Bitcoin's market momentum.

However, despite the positive outlook for the Nakamoto upgrade, the STX token has been consolidating between $1.20 and $2 since early July.

For the STX token price to rise significantly, a breakout above the $2 mark is necessary, potentially leading to prices as high as $4.

Grayscale has included Stacks (STX) in its top 20 crypto assets list, indicating potential for strong returns in the current market environment.