HomeNewsBug Delayed, but Smart Contracts Await: Stellar's Protocol 20 Update

Bug Delayed, but Smart Contracts Await: Stellar’s Protocol 20 Update

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  • Stellar Development Foundation has rescheduled the Protocol 20 upgrade, introducing smart contracts via the ‘Soroban’ project, to February 20, following a delay due to a bug.
  • The new stable release with the bug fix is anticipated for February 2, with testnet deployment on February 6, providing a timeline for validators and infrastructure operators to prepare.

Stellar’s Path to Enhanced Functionality

The Stellar Development Foundation has announced a revised timeline for its eagerly awaited Protocol 20 upgrade. This upgrade is a significant milestone for Stellar, as it heralds the introduction of smart contracts through the ‘Soroban’ project.

Overcoming Technical Hurdles

Originally scheduled for January 30, the upgrade faced a delay due to the discovery of a non-critical bug. Addressing this, the Stellar team is diligently working on a bug fix, with a new stable release expected by February 2. This proactive response ensures the network’s integrity and reliability, essential for the successful implementation of the upgrade.

New Timeline for Protocol 20

The rescheduled date for the Protocol 20 upgrade is now set for February 20. Prior to this, on February 6, the revised version will be deployed to Stellar’s testnet validators, followed by a reset. This step is crucial for thorough testing and validation in a controlled environment, paving the way for a smooth transition to the new protocol.

Preparation for Stellar Infrastructure Operators

Infrastructure operators within the Stellar ecosystem are advised to install the new version by February 20. This window provides adequate time for adaptation and readiness. Validators will then have the option to arm their software to vote for Protocol 20 on the newly scheduled date.

The Introduction of ‘Soroban’ Smart Contracts

The Protocol 20 upgrade is more than a technical update; it represents a significant evolution in Stellar’s capabilities. With the introduction of ‘Soroban’ smart contracts, Stellar aims to enhance its blockchain functionality, enabling more complex and varied applications on its platform.

Stellar’s Commitment to Community and Ecosystem Growth

Throughout this process, the Stellar Development Foundation has maintained open communication with its community, emphasizing transparency and collaboration. This approach not only builds trust but also fosters a robust and supportive environment for the Stellar ecosystem’s continued growth and innovation.

As Stellar approaches the new Protocol 20 upgrade date, the excitement within the community is palpable. This upgrade marks a new chapter in Stellar’s journey, showcasing its commitment to advancing blockchain technology and expanding its utility. The successful implementation of ‘Soroban’ smart contracts will not only enhance Stellar‘s functionality but also strengthen its position as a leading platform for building innovative and impactful blockchain solutions.

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Bhushan Akolkar
Bhushan Akolkar
Bhushan is a FinTech enthusiast and possesses a strong aptitude for understanding financial markets. His interest in economics and finance has drawn his attention to the emerging Blockchain Technology and Cryptocurrency markets. He holds a Bachelor of Technology in Electrical, Electronics, and Communications Engineering. He is continually engaged in a learning process, keeping himself motivated by sharing his acquired knowledge. In his free time, he enjoys reading thriller fiction novels and occasionally explores his culinary skills. Business Email: info@ethnews.com Phone: +49 160 92211628