Follow us on:

cc_icon

Post: Stellar Development Foundation Postpones Smart Contract Upgrade Due to Bug

Stellar Development Foundation Postpones Smart Contract Upgrade Due to Bug

Key Points:

  • The Stellar Development Foundation (SDF) has found a bug in Stellar Core v20.1.0, prompting a postponement of the smart contract upgrade on the Stellar blockchain.
  • The bug is said to pose minimal risk but could potentially impact applications once the smart contract platform is rolled out.
  • The SDF has disarmed its validators in support of delaying the Protocol 20 vote until after the bug is fixed.
  • Stellar is an established blockchain project primarily focused on payments and asset tokenization, with XLM as its native token.

Insight:

The Stellar Development Foundation has encountered a bug in Stellar Core v20.1.0, leading to the postponement of the planned smart contract upgrade on the Stellar blockchain. While the foundation acknowledges that the bug poses little risk, it is taking precautionary measures to prevent potential issues with applications once the smart contract platform is implemented. The SDF has disarmed its validators and plans to delay the Protocol 20 vote until after the bug is fixed. As one of the oldest blockchain projects, Stellar has gained prominence in the payment and asset tokenization space, with its native token XLM boasting a significant market capitalization.

Hot Take:

The decision of the Stellar Development Foundation to delay the smart contract upgrade due to the bug demonstrates the importance of thorough testing and risk mitigation measures in the blockchain industry. While bugs are common in software development, it is crucial to address them promptly to ensure the smooth functioning of blockchain applications. By prioritizing the stability and security of the Stellar blockchain, the SDF aims to maintain trust and confidence in the ecosystem. This incident highlights the dedication of the Stellar team to delivering a reliable and robust platform for payments and tokenization.


Original article: https://cointelegraph.com/news/stellar-foundation-urges-delay-protocol-20-upgrade-after-bug

Leave a comment

Your email address will not be published. Required fields are marked *

Recent Posts
Social Media
Twitter
Email
Telegram
Facebook
Offers
CheekyCrypto Membership Platform
Hardware Wallets
Bitget
Swissborg
Plutus Card