Today is a Big Day for XLM coin: It is Preparing for Its Most Important Update

Today will be an important day for the cryptocurrency world as smart contracts will be gradually launched on the mainnet of the Stellar ( $XLM ) network.

The Stellar Development Foundation (SDF) and the broader Stellar community have been working hard for the last two years to bring smart contract functionality to the Stellar network. announced the release of a software package. This protocol will introduce Soroban smart contracts to Stellar. With the technical components now in place, Stellar network validators will vote on the Mainnet upgrade to Protocol 20.

Protocol 20 will be the most significant update to the Stellar network to date. To ensure the performance, security and stability of the network during this time, the ecosystem preferred a slow and steady process. Following the vote, validators will implement a phased approach to gradually and precisely increase the capacity of Soroban transactions. This will allow careful monitoring of the impact of the smart contract feature on the network, according to the official announcement.

#Write2Earn #Stellar