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Stellar Rolls Out Soroban Smart Contracts, bringing Dapps to their mainnet ecosystem.
Stellar Development Foundation has officially launched Soroban smart contracts on the Stellar network. This marks a significant milestone as it introduces smart contract capabilities to the Stellar blockchain, following a 16-month testnet period.
The launch signifies a new era for Stellar’s technology stack, aiming to provide developers with a secure and scalable platform. Despite initial delays due to a bug discovery, the phased rollout of Soroban smart contracts is now underway. This development will foster innovation, allowing for the creation of decentralized applications (dApps) and protocols on the Stellar network.
Stellar’s Smart Contract Evolution
Implementing Protocol 20 on the Stellar network brings the much-anticipated smart contract functionality, offering a robust platform named Soroban. This platform is designed to cater to developers with a focus on scalability, predictable fees, and an efficient developer experience utilizing Rust and WebAssembly (WASM).
The move is aimed at enhancing the network’s capability to support complex applications and attract a broader developer community.
Overcoming Challenges
The journey to launching Soroban smart contracts was not without hurdles. A critical bug discovered in January posed potential risks to applications but was promptly addressed by the SDF, ensuring a smooth transition to the new protocol. The foundation also initiated a $100 million funding project to encourage developers to engage with the new platform, highlighting its commitment to fostering an innovative ecosystem.
Stellar Rolls Out Soroban Smart Contracts, The Future
The phased introduction of Soroban smart contracts is a strategic move to increase transaction limits and ensure network stability gradually. With over 160 builders and projects previously testing on the testnet, the transition to the mainnet is poised to usher in a wave of dApps and protocols. This development is a technical upgrade and a step towards realizing Stellar’s vision of a more accessible and functional blockchain infrastructure.
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