![Former-Citi-Executives-to-Offer-Bitcoin-Depositary-Receipts-Bloomberg.jpg Tyler Spalding, CEO / Co-Founder, Flexa, 2Chainz and Zack Seward, Deputy Editor-in-Chief, CoinDesk](https://cryptotoptrends.com/wp-content/uploads/2024/01/Former-Citi-Executives-to-Offer-Bitcoin-Depositary-Receipts-Bloomberg-678x381.jpg)
The projects will need refinement so they don’t fall victim to the inherent limitations of the Bitcoin network, according to the authors. One particular upgrade on the radar is Stacks’ Nakamoto Release, designed to enable cheap BTC transfers on a L2, improving transaction speeds to around five seconds instead of 10 to 30 minutes or even more.
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