The Stellar Development Foundation (SDF) has postponed the smart contract upgrade on the Stellar blockchain. Originally scheduled for the end of January, the delay was announced following the discovery of a bug in Stellar Core v20.1.0. The SDF, in a January 27 blog post, revealed their decision to delay the Protocol 20 vote, initially set for January 30, due to this bug.
Discovered on January 25, the bug was deemed to pose “little risk” but had potential implications for various applications. The SDF assured that a remedy is underway and expected within two weeks.
The SDF emphasized its sole authority to decide on network upgrades. However, non-SDF validators on Stellar have the option to support the Protocol 20 upgrade in the upcoming vote. The SDF committed to ongoing bug resolution efforts and continued dialogue with other validators. For the upgrade to pass, a quorum among the 43 validator nodes (as of December 2023) is necessary.
The bug manifests during a “Soroban” transaction request, leading to a refund that is incorrectly processed. This issue was detailed in a January 25 GitHub post by the SDF.
Soroban, a smart contract platform on Stellar, was launched on a testnet in October 2022. This platform represents a significant advancement in Stellar’s capabilities.
In the same month, the SDF initiated a $100 million fund to encourage developers to engage with the platform.
Tyler van der Hoeven, a core developer at Stellar, mentioned that Protocol 20’s implementation would be gradual. However, the timeline for the complete integration of Soroban smart contracts remains unspecified.
Stellar, primarily focused on payments and asset tokenization, stands as one of the pioneering blockchain projects.
As of the latest update, Stellar’s native token, XLM, is priced at $0.115. The blockchain boasts a market capitalization of $3.2 billion, reflecting its significant presence in the cryptocurrency market.
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