Stellar’s Protocol 21 Testnet Upgrade Boosts Smart Contract Functionality

  • Stellar’s Testnet upgraded to Protocol 21, enhancing smart contract functionality.
  • Key dates: Stable releases on May 30, Testnet reset on June 11, Mainnet vote on June 18.
  • XLM’s price at $0.103, despite a 1.27% drop, with long-term growth prospects expected.

The Stellar blockchain has upgraded its Testnet to Protocol 21, marking a step towards enhancing its smart contract capabilities. This update, announced on Stellar’s official X account, is a milestone in the blockchain’s roadmap. The upgrade aims to align Stellar with other prominent layer-1 protocols that offer full smart contract functionality.

Read CRYPTONEWSLAND on Google News google news

Key Dates and Future Steps

Stellar has outlined several important dates following the Testnet upgrade. On May 30, the blockchain will implement the Stable releases of Stellar Core, Horizon, and RPC, essential components for supporting Protocol 21. 

A Testnet reset is scheduled for June 11 to ensure all changes and additions function optimally. The final critical date is June 18, when a Mainnet upgrade vote will take place. This vote will be crucial in determining the future direction of the Stellar network.

Potential Long-term Benefits for XLM

The smart contract functionality that will be introduced by Protocol 21 is expected to be the major advantage of XLM, the native asset of Stellar. Even though XLM is now trading at $0.103, a 1. 27% decrease in the past 24 hours, the long-term prospects are still good as the network is getting bigger and is adding new features.

Stellar’s choice to enhance its protocol with smart contracts is a part of the bigger trend that is going on in the blockchain networks. The same improvements have been observed in Filecoin, EOS, and Chainlink which have all integrated the smart contract capability to the Ethereum Virtual Machine (EVM) ecosystem.

Read Also:

Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

related posts