Web3 Update: Stacks to Launch sBTC Developer Version, Ushering in a New Wave of Bitcoin Layer 2 Innovation

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Key Update: Stacks, the smart contract platform built on the Bitcoin network, is set for a major upgrade. According to official sources, the Stacks team will release the developer version of sBTC during the week of October 18. sBTC is an innovative asset pegged 1:1 to Bitcoin on the Stacks layer.This release will grant a select group of developers early access for testing, enabling them to develop applications and conduct functionality tests based on sBTC. Notably, the sBTC testnet will provide an environment for deposit and withdrawal testing, offering Bitcoin Layer 2 ecosystem developers an excellent opportunity to seamlessly integrate these core functions into their DApps.This initiative marks a significant milestone in the field of Bitcoin smart contracts and is expected to bring richer application scenarios and greater scalability to the BTC ecosystem.

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