2024

Axelar

Band Protocol

Foundation

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" data-type="link" data-id="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/" data-type="link" data-id="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.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 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>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
You might also like: <a href="https://crypto.news/bitcoin-bitmex-trading-flash-drop/" rel="noopener noreferrer nofollow"> BitMEX investigates suspicious trading that sent Bitcoin to $8.9k </a>
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/" data-type="link" data-id="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.
Read more: <a href="https://crypto.news/solana-ledger-network-congestion/" rel="noopener noreferrer nofollow"> Ledger reports massive Solana congestion, SOL sinks 12% </a>

Stellar launches Soroban smart contracts platform

crypto.news

Other articles published on Mar 19, 2024

Cryptocurrency Surge Sees Solana Soar as BNB and AVAX Navigate Varied Paths

Accessing Your Secret Key on Scopuly: A Guide with Caution

BlackRock Managing Director Says Spot Bitcoin ETFs Are Satisfying 'Pent-Up Demand'

DealMakers Africa Awards honours West Africa’s most notable company M&As, advisers in Lagos

Sygnum bank to tokenize $50M of Matter Labs’ reserves for transparency

Post-Binance life: Changpeng Zhao is turning to education with a new project

Join our free newsletter for daily crypto updates!