Core

DeFi

Planet

Foundation

Stellar

<div class="intro-text">
 The Stellar Development Foundation (SDF) has announced the long-awaited launch of its Stellar smart contracts after 16 months of development on the testnet.
</div>
In a <a style="color: #0000ff;" href="https://stellar.org/blog/developers/protocol-20-and-smart-contracts-are-live-on-mainnet" rel="noopener noreferrer nofollow">release </a>published on February 20 on its website, the platform highlighted the successful rollout of the “Protocol 20” upgrade by the Stellar network validators. This upgrade will introduce new smart contract capabilities and pave the way for the phased rollout of the Soroban, the project’s smart contract platform.
The announcement was also made <a style="color: #0000ff;" href="https://x.com/StellarOrg/status/1760001015234072645?s=20" rel="noopener noreferrer nofollow">on the Stellar team’s X account </a>the same day. According to their post, the full rollout will consist of three phases: Phase 0 for rock-solid stability, Phase 1 for rigorous testing, and Phase 2 for full-scale production.
These Stellar smart contracts are expected to offer a more user-friendly developer experience for developers utilizing WebAssembly and Rust languages.&nbsp;
Initially deployed in October 2022, the Soroban smart contract introduces scalability features such as independent resource pricing and predictable fees to the blockchain network. In the same month, the SDF launched a $100 million funding initiative to incentivize network developers to begin development on the Soroban platform.&nbsp;
Over the past two years, the SDF and the Stellar community have collaborated to design, discuss, and develop new functionalities to advance the platform and the Stellar ecosystem. The team noted that via these collaborative efforts, they have iterated on more than ten releases openly and designed novel concepts to address some of the most significant unresolved issues in the blockchain.
The mainnet upgrade for Stellar’s smart contracts encountered delays due to the discovery of <a style="color: #0000ff;" href="https://github.com/stellar/stellar-core/issues/4165" rel="noopener noreferrer nofollow">a bug in the blockchain’s code</a> in January.&nbsp;
The SDF <a style="color: #0000ff;" href="https://twitter.com/StellarOrg/status/1751353904791720223?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1751353904791720223%7Ctwgr%5E6b24a2f911ebd2732731f1c5ce8b6b438937d05a%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fstellar-foundation-urges-delay-protocol-20-upgrade-after-bug" rel="noopener noreferrer nofollow">alerted </a>the ecosystem to the bug in the Stellar Core v20.1.0, which could impact applications and services using fee bumps for Soroban transfers during the Mainnet transition to Protocol 20.
While the team noted that the bug posed minimal risk, it could have posed significant challenges for applications once the smart contract platform went live.
&nbsp;
If you want to read more news articles like this, visit <a style="color: #0000ff;" href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a style="color: #0000ff;" href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a style="color: #0000ff;" href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a style="color: #0000ff;" href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a style="color: #0000ff;" href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, and <a style="color: #0000ff;" href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community</a>.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
The post <a href="https://defi-planet.com/2024/02/stellar-finally-launches-smart-contracts-on-mainnet-after-16-month-testnet-development/" rel="noopener noreferrer nofollow">Stellar Finally Launches Smart Contracts on Mainnet After 16-Month Testnet Development</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Stellar Finally Launches Smart Contracts on Mainnet After 16-Month Testnet Development

DeFi Planet

2024년 2월 21일에 게재된 다른 기사

Stratis STRAX 2024 Forecast: Surging Past $5.75 with Market Optimism

SuperEx’s Most Sincere Event of February: Split $34,000 Total Jackpot, 1600+ Reward Slots

SSV’s DVT Protects Validators As Node Operator Goes Offline

Is XRP ETF Next? Ripple CEO Shares Key Details

Surge in Solana’s Total Value Locked Signals Investor Confidence

Crypto terrorism claims ignite government debate

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!