Fun

Stellar launches smart contracts following bug fix delays

News Feed - 2024-02-21 01:02:51

Martin Young8 minutes agoStellar launches smart contracts following bug fix delaysThe Stellar Development Foundation has finally rolled out Stellar smart contracts after 16 months on testnet.28 Total viewsListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksThe Stellar Development Foundation (SDF) has announced the deployment of smart contracts on the Stellar network, something it claims will help kick off “a new era” for its tech stack.


In a Feb. 20 statement, the SDF shared that Stellar network validators successfully introduced the “Protocol 20” upgrade, enabling new smart contracts capabilities and initiating the phased rollout of its smart contract platform dubbed Soroban.Stellar's Protocol 20 is officially live, bringing smart contracts to Stellar Mainnet!

We've laid the groundwork, hitting major milestones along the way; but this is just the beginning:

Phase 0⃣ for rock-solid stability ✅

Phase 1⃣ for rigorous testing

Phase 2⃣ for… pic.twitter.com/Zq0FDYU6fd— Stellar (@StellarOrg) February 20, 2024


Stellar smart contracts will aim to provide a more user-friendly developer experience for those using the Rust and WASM (WebAssembly) languages. 


Soroban, the smart contract platform that was first deployed to the Stellar testnet in October 2022, employs features for scalability such as predictable fees and independent resource pricing.


Stellar wrote that its smart contracts ecosystem would enable the development of new decentralized applications (DApps), allowing builders to construct novel protocols and other apps on the network. 


The long-awaited smart contract mainnet upgrade was initially delayed by the SDF in January after its team found a bug in Stellar Core. At the time, the firm said the bug posed “little risk” but could have potentially impacted applications once the smart contract platform was rolled out.


The SDF launched a $100 million funding initiative to encourage developers to build on the Soroban smart contract platform in October 2022.


Related:ChatGPT can write smart contracts; just don’t use it as a security auditor


The SDF — the nonprofit organization responsible for the development of the Stellar network — wrote that had been developing smart contract functionality over the past two years, alongside the Stellar community.


The network’s native token XLM failed to gain steam from the announcement and has fallen 1% over the past 24 hours, currently changing hands for $0.116, according to Cointelegraph Markets data.The price of XLM has failed to gain traction from the upgrade. Source: Cointelegraph


XLM has seemingly been left behind in the 2024 crypto market rally and remains down 87% from its January 2018 all-time high of $0.875.


Magazine:‘Crypto is inevitable’ so we went ‘all in’ — Meet Vance Spencer, permabull# Blockchain# Smart Contracts# Stellar# DeFiAdd reactionAdd reactionRead moreCircle to cease minting USDC on Tron Network effective immediatelyStarknet airdrop largely successful despite controversies$56M moved from defunct exchange after executives fled: Report

News Feed

Ethereum Price Gains Bullish Momentum: Is a Breakout Near?
Este artículo también está disponible en español. Ethereum price started a steady increase above the $2,450 resistance. ETH is holding gains and might gain bullish moment
BlackRock's IBIT draws $260M as Bitcoin ETFs notch 8th day of inflows
Brayden Lindrea3 hours agoBlackRock"s IBIT draws $260M as Bitcoin ETFs notch 8th day of inflowsUnited States spot Bitcoin ETFs notched $422.5 million of net inflows on Tuesday, marking their strongest trading day in more
US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks
US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks ass
JPMorgan CEO Jamie Dimon Warns of Incoming Economic Hurricane — Says ‘You Better Brace Yourself’
JPMorgan CEO Jamie Dimon Warns of Incoming Economic Hurricane — Says "You Better Brace Yourself" JPMorgan CEO Jamie Dimon has warned that an economic “hurricane” is
Bitcoin bear trap over? BTC price fractal hints at parabolic move next
Zoltan Vardai6 hours agoBitcoin bear trap over? BTC price fractal hints at parabolic move nextBitcoin still faces significant resistance at $62,000, and if it breaks, it could liquidate over $845 million of leveraged sho
Value Locked in Defi Rises Above $50 Billion Mark, Ethereum Dominates TVL by Blockchain
Value Locked in Defi Rises Above $50 Billion Mark, Ethereum Dominates TVL by Blockchain The total value locked (TVL) in decentralized finance (defi) has risen above the $50 billion
Tom Mitchelhill3 hours agoElizabeth Warren, Bernie Sanders urge closure of ‘$50 billion crypto tax gap’United States senators, including Elizabeth Warren and Bernie Sanders, have claimed that crypto tax evaders are s
Tom Mitchelhill7 hours agoInvesco Galaxy spot Bitcoin ETF joins BlackRock on DTCC siteThe Invesco Galaxy Bitcoin ETF (BTCO) now appears on the clearing house’s site but doesn’t indicate an impending approval.5031 Tot
Zhiyuan Sun8 hours agoCrypto VCs share lessons on startup success at EthCC“A multitude of expansion factors curated at the [VC] group level” helps startups get traction, says Tony Cheng of Foresight Ventures.2221 Tot
Axie Infinity Co-Founder Says Blockchain Game Plans to Launch a Decentralized Exchange
Axie Infinity Co-Founder Says Blockchain Game Plans to Launch a Decentralized Exchange Sky Mavis, the team that created the Ethereum-powered non-fungible token (NFT) game Axie Infi
Abkhazia Holds Talks With Russia to Ensure Electricity Supply for Crypto Miners
Abkhazia Holds Talks With Russia to Ensure Electricity Supply for Crypto Miners The government of Abkhazia is negotiating with Russia to solve a problem that led
Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused Projects
Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused Projects On Feb. 17, 2023, Tokyo-based Sony Network Communications announced that it is co-hosting a W