Stellar’s Protocol 20 Update: A Revolution in the Crypto World
The Stellar blockchain is on the verge of a major transformation with its upcoming Protocol 20 update, which is considered to be the most significant and complex update to date. One of the key features of this update is the introduction of Soroban smart contracts, offering developers and companies a wide range of possibilities on the Stellar blockchain.
The Complexities of Protocol 20
Protocol 20 represents a significant milestone in the evolution of the Stellar network. While the basic instructions for preparing for this update remain the same, there are a few additional steps involved, and the process will be more gradual than previous updates.
Testnet Update: September 20th, 3:00 PM (UTC)
The initial phase of the Protocol 20 update will begin with the release of candidate versions of Stellar Core and Horizon on the Testnet. This phase allows developers to ensure compatibility with the new protocol through testing.
Mainnet Upgrade Vote
After the Testnet upgrade, the next major milestone is the Mainnet upgrade vote. The exact date for this vote will be determined by Mainnet validators and will be updated in official documentation. It usually takes place approximately six weeks after stable versions of Stellar Core and Horizon are available.
Additional Network Settings and Votes
Protocol 20 introduces new network settings controlled by validators. Following the initial upgrade vote, there may be subsequent votes to fine-tune and adjust these settings. The timeline for these votes will be provided in official documentation.
Stay Informed and Engage
To stay informed about Protocol 20 and actively participate in discussions, it is recommended to join the Stellar community. The #protocol-20 channel is where key information about the update is shared and discussed.
Key Dates and Software Updates
As the Protocol 20 update progresses, new key dates will be added to the calendar. It is crucial to keep track of the latest software releases related to the upgrade. Testnet nodes must have the latest versions of Stellar Core and Horizon installed for compatibility with Protocol 20.
The New SDKs
Developers need to update their software development kits (SDKs) to align with the new protocol. Relevant release pages for various SDKs are available for monitoring updates.
In Conclusion
The Protocol 20 update brings significant advancements to the Stellar network, including Soroban smart contracts and overall functionality improvements. Developers and companies on the Stellar blockchain should stay engaged, keep their software up-to-date, and prepare for the next steps to fully leverage the potential of this transformative update. The future of Stellar looks brighter than ever.
Hot Take: Stellar’s Protocol 20 Update Revolutionizes Blockchain Development
The eagerly awaited Protocol 20 update of the Stellar blockchain is set to disrupt the crypto world with its introduction of Soroban smart contracts. This revolutionary update offers developers and companies a multitude of possibilities on the Stellar blockchain. With its complex yet essential features, Protocol 20 represents a significant milestone in the evolution of Stellar’s network. By actively engaging in discussions within the Stellar community and staying informed about key dates and software updates, developers and companies can prepare themselves for a smooth transition to Protocol 20. As Stellar’s future looks brighter than ever, now is the time to embrace this transformative update and unlock its full potential.
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