Tomorrow 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 general Stellar community have been working hard for the last two years to bring smart contract functionality to the Stellar network.
The Stellar Development Foundation and the developers of key Stellar SDKs have announced the release of a comprehensive software package that supports Protocol 20. 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.
Voting for Protocol 20 is expected to begin on February 20, marking a new era for the Stellar altcoin network.
*This is not investment advice.