Stellar Rolls Out Smart Contracts
The Stellar Development Foundation (SDF) has announced the successful implementation of smart contracts on the Stellar network, marking the beginning of a new phase for the network’s technology.
In a statement released on February 20, the SDF shared that the network validators had successfully upgraded to “Protocol 20,” which enabled the use of smart contracts and the gradual rollout of the Soroban smart contract platform.
This platform, which was initially deployed on the Stellar testnet in October 2022, promises to provide a more user-friendly experience for developers using Rust and WASM (WebAssembly) languages.
The Soroban platform also boasts features for scalability, such as predictable fees and independent resource pricing. The SDF believes that this ecosystem will open up new opportunities for developers to create decentralized applications (DApps) and innovative protocols on the Stellar network.
The deployment of smart contracts on the mainnet was initially delayed in January due to a bug found in Stellar Core. While the SDF stated that the bug posed little risk, they wanted to ensure its resolution before the launch of the smart contract platform.
