Stellar network validators have agreed to upgrade the mainnet to Protocol 20, modernizing the Stellar smart contract technology stack and providing unique builder exposure.
that much Stellar Development Foundation (SDF) and the community have been collaborating on the Stellar network for the past two years. These efforts included running numerous lines of code, deploying over 160 projects to testnet, and donating a significant amount of XLM to the Stellar Community Fund, which supports Stellar developers.
Upgrading the mainnet to Protocol 20 begins a gradual and consistent implementation process that will require authenticators who agree to configure network settings to gradually increase smart contract transaction capacity. This allows you to monitor the impact of smart contract functions on the network.
The verifier has gradual plans to increase Soroban transaction limits to maximize its potential. The Stellar network is designed to be scalable, cost-effective, and globally accessible for often overlooked populations. Stellar smart contracts It will provide developers with an unprecedented experience that integrates affordability and security into their code.
The blockchain industry requires developers to make an effort to learn new platforms and languages. Safety and ease of development are paramount when considering Soroban. To create secure and fast exposures, we decided to implement Rust and WASM as components of the Soroban technical architecture.
Ensuring efficiency and upgradability is important for any platform. Immediate action is needed to reduce transaction costs while ensuring the platform can accommodate growth. Soroban engineers are currently involved in developing these elements, including measurements and fee structures that govern the consumption of individual resources.
Over the past decade, the Stellar ecosystem has witnessed a proliferation of asset providers both on and off ramp and has been accumulating the necessary building blocks. In addition to wallets hosted on the network. Current dApps will have the ability to participate in a new era of inclusivity through smart contracts.
The fully visible Stellar ecosystem eliminates any concerns that may arise regarding development on an untrusted platform.