Stellar Testnet Upgrades to Protocol 21, Enhancing Blockchain

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As a crypto investor with experience in the Stellar network, I’m excited about the recent upgrade to Protocol 21. The addition of passkey signing and state archival improvements are just the beginning of what I believe will make Stellar a more robust and feature-rich platform.

The Stellar test network has successfully implemented Protocol 21, resulting in new functionalities like passkey signing and enhanced state archival.

As a dedicated researcher studying the advancements in the Stellar network, I can tell you that following the successful deployment of Soroban, Stellar’s innovative smart contract platform, in February 2024, we moved forward with Protocol 21. This upgrade represents an essential step in our ongoing evolution towards a more robust and feature-rich platform.

Announcement: The Stellar Testnet has advanced to Stellar Protocol 21. Here’s what follows next:

— Stellar (@StellarOrg) May 14, 2024

As a crypto investor in Stellar, I’m excited to share that on May 30th, we can anticipate the release of stable versions of Stellar’s core software. Following this, a testnet reset is scheduled for June 11th to ensure all systems are functioning optimally. Finally, on June 18th, the Stellar network validators will convene to make a decision about implementing Protocol 21 on the mainnet.

The price of Stellar (XLM) is expected to rise significantly following the upgrade. XLM plays a pivotal role in the advancement of Decentralized Finance (DeFi) on the Stellar network. While the long-term repercussions on the price are uncertain, the growth trend is undeniable.

At present, XLM is priced at $0.1027 based on current market conditions. This represents a decrease of 1.7% in value over the past 24 hours.

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2024-05-15 01:25