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🔥💥Stellar (XLM) Enters a New Era with Protocol 20 Update, Here's What's Changed
#Stellar (#XLM ) has entered a new era in its development following the launch of the Protocol 20 upgrade on the mainnet. With this new upgrade, Soroban's smart contract capabilities are now enabled, making Stellar a blockchain capable of hosting smart contracts and decentralized applications (dApps).
Stellar Soroban starts business Stellar started as a blockchain specifically designed for payments and since its inception, it has expanded its public reach with this new feature set to create its impact in the decentralized finance (DeFi) ecosystem. With the development of Blockchain and Web3, this pivot is vital and could enable Stellar to capture a larger part of the crypto Sunday, which is currently dominated by protocols such as Cardano (ADA).
Stellar Network has described the emergence of Protocol 20 as the most transformative upgrade implemented on the blockchain so far. It is noteworthy that Soroban's smart contract capabilities have not yet been fully rolled out, as this will be carried out in stages from 0 to 2. The rollout is currently in Phase 0, which is marked by stability testing. In Phase 0, the ledger capacity for Soroban transactions will start at a low level and will be increased shortly in Phase 1, when applications will start to be distributed and tested on the main network. 2 Of the launch of Soroban. In its phase, it will become user-ready and the capacity of smart contracts will be continuously increased to increase its scalability. However, the Stellar network did not disclose the timeline for the release of these stages. Mixed Stellar (XLM) price Stellar's price is on the road to recovery after the news about Soroban's smart contract capabilities.
