Posted 2/20/2024, 5:40:00 PM
Stellar Rolls Out Protocol 20 Upgrade, Bringing Smart Contracts to Boost Functionality and Speculated XLM Demand
- Stellar blockchain initiated phased rollout of "Protocol 20" upgrade to add Ethereum-style smart contracts under Soroban project
- Upgrade came after validators voted to approve mainnet upgrade to Stellar Core software
- Validators will gradually increase limits for Soroban transactions, building up to full capacity
- Over 160 builders/projects on testnet will start deploying smart contracts on mainnet in phase 1
- Upgrade aims to add programmability that Ethereum is known for; some speculate it could boost XLM token demand