Stellar To Release Protocol 20 Testnet Upgrade, Will XLM Rally?
2023年9月20日 - 7:00AM
NEWSBTC
On September 20, Stellar, a blockchain platform designed to
facilitate fast and low-cost cross-border transactions using its
native currency, XLM, will release the testnet upgrade of Protocol
20. With this launch, the protocol prepares for the eventual
mainnet activation of the Soroban smart contracts platform. Stellar
Prepares For Protocol 20 And Smart Contracts According to
a document on September 18, the testnet upgrade aims to
release candidate versions of Stellar Core and Horizon. Stellar is
a blockchain network and relies on a network of nodes for
transaction validation and to ensure the network is secure.
Validators running are kept in sync using the Stellar Core since it
acts as the backbone of the entire network, safeguarding the
integrity of the blockchain. Related Reading: Arbitrum:
What’s In Store For ARB Token After Unlock? Stellar Horizon is an
interface that simplifies interaction between applications and
developers with the mainnet through APIs. By eliminating the
complexities of interacting with the blockchain, Horizon makes it
easier for users to deploy applications. Once the stable
version is released, Validators will vote on the day when tested
upgrades are integrated into the mainnet. The blockchain developer
has acknowledged that the Protocol 20 upgrade will bring about new
settings, which will require more discussion and adjustments
through voting. The Stellar Network will provide a timeline for
implementing these changes before rolling them out on the mainnet.
Soroban And The $100 Million Incentive
Stellar describes Soroban as a smart contracts platform
designed for “scale and sensibility” and “integrates with and works
alongside the existing Stellar blockchain.” The portal is currently
being tested in Stellar’s testnet, Futurenet. Stellar claims
that some of the network’s core features, such as multi-core
scaling and an optimized fee model, make their smart contracts
superior since all the “pesky serialization loops” have been
eliminated. Unlike Ethereum layer-2 platforms like Arbitrum or
Polygon, which operate separately, Soroban will fully integrate
with Stellar and remain open source. Related Reading: XEC
Token Spikes Over 17% In The Last Week, Can It Sustain Rally? The
Stellar Development Foundation rolled out a $100 million
Adoption Fund to incentivize Soroban adoption. This program, they
explained, is an “umbrella for many programs that support all
levels of Soroban adoption, some of which have launched and some of
which have yet to launch.” XLM prices are firm and have been one of
the top-performing assets in the past three months. To illustrate,
the coin surged from $0.08 in June and more than doubled, reaching
$0.18 in late July. However, the coin has since retraced, dumping
by around 40%. However, the uptrend remains looking at the
candlestick arrangement in the daily chart. Whether this upgrade
will support XLM is yet to be determined. Feature image from Canva,
chart from TradingView
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