Stellar (XLM) Protocol 21 Upgrade Unlocking Efficiency and Cost-Effectiveness
On June 18, 2024, Stellar’s public network validators voted to upgrade to Protocol 21, unveiling five new Core Advancement Proposals (CAPs) to enhance efficiency and cost-effectiveness on the Stellar Mainnet.
Key Enhancements in Protocol 21
- CAP-0053 introduces two separate host functions to extend Time to Live (TTL) for contract instances and code, enhancing rent fee distribution and state archival functionality.
- CAP-0054 refines the virtual machine (VM) instantiation cost model, charging fees based on actual usage to lower costs and boost network scalability.
- CAP-0055 streamlines linking during VM instantiation by reducing linked host functions, optimizing CPU costs per transaction for improved network performance.
- CAP-0056 introduces intra-transaction module caching for Soroban, speeding up contract invocation in a single transaction and reducing redundant parsing.
Impact on the Stellar Network
The Protocol 21 updates are set to significantly enhance the efficiency and scalability of the Stellar network, making it more cost-effective and robust. These improvements in VM instantiation, module caching, and host function linking aim to create a more performant blockchain ecosystem.
For more detailed information about Protocol 21, you can visit the official Stellar blog.🚀
Hot Take: Investing in Upgraded Protocols for Better Blockchain Performance
Unlocking the potential of blockchain technology through enhanced protocols like Stellar’s Protocol 21 can lead to improved efficiency, cost-effectiveness, and scalability. By staying up-to-date with network upgrades and advancements, crypto enthusiasts can participate in a more robust and performant blockchain ecosystem. Stay informed and engaged to make the most of these innovative developments.âš¡
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