2024-02-22
On Feb 20, 2024, Stellar Development Foundation (SDF) launched
Protocol 20 upgrade that enable Stellar blockchain to have smart contract
capability. Protocol 20 upgrade comes with the Soroban smart contract.
Previously Stellar blockchain did not
support smart contract. Stellar started to deploy Soroban smart contract 16
months ago on October 2022.
Now developers can build dApps and
create smart contracts on Stellar blockchain.
Soroban is version 20 of the Stellar protocol. It introduced
Soroban smart contract. It is a smart contract platform with built-to-scale
functionality and developer-friendly.
Soroban aims to created uncomplicated developer experience.
Developers can get applications built and running easier.
Stellar is a hard fork of XRP. It is a blockchain for payments
and tokenization. It was founded by Jed McCaleb.
Stellar blockchain can process 4,000 transactions per second and
it supports smart contracts. Stellar’s time to finality is 5.8 seconds.
Stellar was successfully uploaded smart
contracts on its mainnet. With smart contract capability, Stellar blockchain can
go beyond payment. XLM the native token of Stellar blockchain currently
ranks 33rd largest crypto by market cap.
