{"id":13030,"date":"2024-02-22T07:14:59","date_gmt":"2024-02-22T07:14:59","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=13030"},"modified":"2024-03-27T12:39:05","modified_gmt":"2024-03-27T12:39:05","slug":"stellar-announces-implementation-of-smart-contracts-in-network","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/stellar-announces-implementation-of-smart-contracts-in-network\/","title":{"rendered":"Stellar Announces Implementation of Smart Contracts in the Network!"},"content":{"rendered":"

The Stellar Development Foundation<\/strong> announced yesterday, following the postponement of its major update expected last January, that the update has officially taken place and smart contracts have been implemented in the network!<\/strong><\/p>\n

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Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n

  • The Update was Postponed for About a Month! (Stellar)<\/a><\/li>
  • A New Era in Blockchain Technology!<\/a><\/li><\/ul><\/nav><\/div>\n

    <\/span>The Update was Postponed for About a Month! (Stellar)<\/span><\/h2>\n
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    In the announcements made in the last week of January, Stellar Development Foundation stated that it was necessary to postpone the “Protocol 20” update due to the bugs found. The update, a major upgrade to add Ethereum-style smart contracts, was postponed for about a month and executed yesterday, stating that “Protocol 20” is now available.<\/p>\n

    <\/span>A New Era in Blockchain Technology!<\/span><\/h2>\n

    Stellar Development Foundation announced the implementation of smart contracts in the Stellar network, which it claims will help launch a “new era” for blockchain technology.<\/p>\n

    In its announcement on February 20, 2024, it shared that the “Protocol 20” upgrade is completed, new smart contract<\/a> features are activated and the smart contract platform named Soraban will be gradually made available.<\/p>\n

    Stellar smart contracts aim to provide a user-friendly developer experience using Rust and WASM languages.<\/p>\n

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    Stellar’s Protocol 20 is officially live, bringing smart contracts to Stellar Mainnet!<\/p>\n

    We’ve laid the groundwork, hitting major milestones along the way; but this is just the beginning:<\/p>\n

    Phase 0\u20e3 for rock-solid stability \u2705
    \nPhase 1\u20e3 for rigorous testing
    \nPhase 2\u20e3 for\u2026     pic.twitter.com\/Zq0FDYU6fd<\/a><\/p>\n

    \u2014 Stellar (@StellarOrg) February 20, 2024<\/a><\/p><\/blockquote>\n