2024

Axelar

Band

Stellar

The Stellar Development Foundation recently announced the launch of Soroban, a smart contracts platform, honoring an upgrade in the Stellar network’s history.
<a href="https://twitter.com/search?q=stellar&amp;src=typed_query" target="_blank" rel="noopener noreferrer nofollow">Soroban</a>, which has transitioned to its mainnet phase two following two years of testing, facilitates the development of decentralized applications.
Soroban introduces a novel approach for developers to deploy smart contracts, expanding the types of applications that can be constructed on the <a href="https://crypto.news/tag/stellar/" rel="noopener noreferrer nofollow">Stellar</a> blockchain. The platform employs WebAssembly, a binary code format for traditional web and blockchain integrations.
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 Smart contracts are live! Today, we're thrilled to announce a major milestone on the <a href="https://twitter.com/hashtag/Stellar?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Stellar</a> Mainnet journey: the training wheels are off, and all restriction limits have been lifted! Our only question is: What will you build?<a href="https://t.co/o9yzo3iC0O" target="_blank" rel="noopener noreferrer nofollow">https://t.co/o9yzo3iC0O</a>— Soroban (@SorobanOfficial) <a href="https://twitter.com/SorobanOfficial/status/1770124097160155557?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 19, 2024</a>
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Stellar’s platform development aims to diversify the uses of its network, extending its functionalities beyond cryptocurrency payments to include decentralized finance (<a href="https://crypto.news/tag/defi/" rel="noopener noreferrer nofollow">defi</a>) and other financial services.
To encourage the development of Soroban, the Stellar Development Foundation (SDF) has allocated $100 million to a Soroban Adoption Fund, which has supported over 160 projects. The projects cover a range of applications, from bridge projects like Axelar and Allbridge to the Band Protocol oracle and defi initiatives such as Sworoswap and Blend, all aiming to leverage Stellar’s <a href="https://crypto.news/tag/smart-contract/" rel="noopener noreferrer nofollow">smart contract</a> capabilities.
Stellar was co-founded in 2014 by Jed McCaleb and Joyce Kim as an open-source blockchain network focusing on cross-border transactions. Due to its origins as a fork, Stellar initially resembled <a href="https://crypto.news/tag/ripple/" rel="noopener noreferrer nofollow">Ripple</a>, but it later underwent significant changes, adopting a unique consensus mechanism known as the Stellar Consensus Protocol.
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Stellar launches Soroban smart contracts platform

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Other articles published on Mar 19, 2024

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