{"id":552027,"date":"2023-09-19T22:00:41","date_gmt":"2023-09-19T22:00:41","guid":{"rendered":"https:\/\/uniquehot.com\/?p=552027"},"modified":"2023-09-19T18:14:27","modified_gmt":"2023-09-19T18:14:27","slug":"stellar-to-release-protocol-20-testnet-upgrade-will-xlm-rally","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/stellar-xlm\/stellar-to-release-protocol-20-testnet-upgrade-will-xlm-rally\/","title":{"rendered":"Stellar To Release Protocol 20 Testnet Upgrade, Will XLM Rally?"},"content":{"rendered":"

On September 20, Stellar, a blockchain platform designed to facilitate fast and low-cost cross-border transactions using its native currency, XLM, will <\/span>release<\/span><\/a> the testnet upgrade of Protocol 20. With this launch, the protocol prepares for the eventual mainnet activation of the Soroban smart contracts platform.<\/span><\/p>\n

Stellar Prepares For Protocol 20 And Smart Contracts<\/span><\/strong><\/h2>\n

According to a\u00a0<\/span>document<\/span><\/a>\u00a0on September 18, the testnet upgrade aims to release candidate versions of Stellar Core and Horizon. Stellar is a blockchain network and relies on a network of nodes for transaction validation and to ensure the network is secure. Validators running are kept in sync using the Stellar Core since it acts as the backbone of the entire network, safeguarding the integrity of the blockchain.\u00a0<\/span><\/p>\n

Related Reading: Arbitrum: What\u2019s In Store For ARB Token After Unlock?<\/a><\/div>\n

Stellar Horizon is an interface that simplifies interaction between applications and developers with the mainnet through APIs. By eliminating the complexities of interacting with the blockchain, Horizon makes it easier for users to deploy applications.\u00a0<\/span><\/p>\n

Once the stable version is released, Validators will vote on the day when tested upgrades are integrated into the mainnet. The blockchain developer has acknowledged that the Protocol 20 upgrade will bring about new settings, which will require more discussion and adjustments through voting. The Stellar Network will provide a timeline for implementing these changes before rolling them out on the mainnet.
\n<\/span><\/p>\n

Soroban And The $100 Million Incentive<\/span><\/strong><\/h2>\n

Stellar\u00a0<\/span>describes<\/span><\/a>\u00a0Soroban as a smart contracts platform designed for \u201cscale and sensibility\u201d and \u201cintegrates with and works alongside the existing Stellar blockchain.\u201d The portal is currently being tested in Stellar\u2019s testnet, Futurenet.\u00a0<\/span><\/p>\n

Stellar claims that some of the network\u2019s core features, such as multi-core scaling and an optimized fee model, make their smart contracts superior since all the \u201cpesky serialization loops\u201d have been eliminated. Unlike Ethereum layer-2 platforms like Arbitrum or Polygon, which operate separately, Soroban will fully integrate with Stellar and remain open source.\u00a0<\/span><\/p>\n

Related Reading: XEC Token Spikes Over 17% In The Last Week, Can It Sustain Rally?<\/a><\/div>\n

The Stellar Development Foundation\u00a0<\/span>rolled out<\/span><\/a>\u00a0a $100 million Adoption Fund to incentivize Soroban adoption. This program, they explained, is an \u201cumbrella for many programs that support all levels of Soroban adoption, some of which have launched and some of which have yet to launch.\u201d<\/span><\/p>\n

\"Stellar<\/a>
Stellar price on September 19| Source: XLMUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n

XLM prices are firm and have been one of the top-performing assets in the past three months. To illustrate, the coin surged from $0.08 in June and more than doubled, reaching $0.18 in late July. <\/span><\/p>\n

However, the coin has since retraced, dumping by around 40%. However, the uptrend remains looking at the candlestick arrangement in the daily chart. Whether this upgrade will support XLM is yet to be determined.<\/span><\/p>\n

Feature image from Canva, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"

On September 20, Stellar, a blockchain platform designed to facilitate fast and low-cost cross-border transactions using its native currency, XLM, will release the testnet upgrade of Protocol 20. With this launch, the protocol prepares for the eventual mainnet activation of the Soroban smart contracts platform. Stellar Prepares For Protocol 20 And Smart Contracts According to a\u00a0document\u00a0on September 18, the testnet upgrade aims to release candidate versions of Stellar Core and Horizon. Stellar is a blockchain network and relies on a network of nodes for transaction validation and to ensure the network is secure. Validators running are kept in sync using the Stellar Core since it acts as the backbone of the entire network, safeguarding the integrity of the blockchain.\u00a0 Related Reading: Arbitrum: What\u2019s In Store For ARB Token After Unlock? Stellar Horizon is an interface that simplifies interaction between applications and developers with the mainnet through APIs. By eliminating the complexities of interacting with the blockchain, Horizon makes it easier for users to deploy applications.\u00a0 Once the stable version is released, Validators will vote on the day when tested upgrades are integrated into the mainnet. The blockchain developer has acknowledged that the Protocol 20 upgrade will bring about new settings, which will require more discussion and adjustments through voting. The Stellar Network will provide a timeline for implementing these changes before rolling them out on the mainnet. Soroban And The $100 Million Incentive Stellar\u00a0describes\u00a0Soroban as a smart contracts platform designed for \u201cscale and sensibility\u201d and \u201cintegrates with and works alongside the existing Stellar blockchain.\u201d The portal is currently being tested in Stellar\u2019s testnet, Futurenet.\u00a0 Stellar claims that some of the network\u2019s core features, such as multi-core scaling and an optimized fee model, make their smart contracts superior since all the \u201cpesky serialization loops\u201d have been eliminated. Unlike Ethereum layer-2 platforms like Arbitrum or Polygon, which operate separately, Soroban will fully integrate with Stellar and remain open source.\u00a0 Related Reading: XEC Token Spikes Over 17% In The Last Week, Can It Sustain Rally? The Stellar Development Foundation\u00a0rolled out\u00a0a $100 million Adoption Fund to incentivize Soroban adoption. This program, they explained, is an \u201cumbrella for many programs that support all levels of Soroban adoption, some of which have launched and some of which have yet to launch.\u201d XLM prices are firm and have been one of the top-performing assets in the past three months. To illustrate, the coin surged from $0.08 in June and more than doubled, reaching $0.18 in late July. However, the coin has since retraced, dumping by around 40%. However, the uptrend remains looking at the candlestick arrangement in the daily chart. Whether this upgrade will support XLM is yet to be determined. Feature image from Canva, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":552032,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16891],"tags":[89439,89440,3970,87152],"class_list":["post-552027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stellar-xlm","tag-protocol-20","tag-soroban","tag-stellar","tag-xlm-price"],"acf":[],"yoast_head":"\nStellar To Release Protocol 20 Testnet Upgrade, Will XLM Rally?<\/title>\n<meta name=\"description\" content=\"On September 20, Stellar, the main network behind XLM, will\u00a0release\u00a0the testnet upgrade of Protocol 20. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/uniquehot.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Stellar To Release Protocol 20 Testnet Upgrade, Will XLM Rally?","url":"http:\/\/uniquehot.com\/news\/stellar-xlm\/stellar-to-release-protocol-20-testnet-upgrade-will-xlm-rally\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/stellar-xlm\/stellar-to-release-protocol-20-testnet-upgrade-will-xlm-rally\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/Crypto-news-Template46.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/Crypto-news-Template46.jpg?fit=1380%2C780"},"articleSection":"Stellar","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["protocol 20","soroban","stellar","xlm price"],"dateCreated":"2023-09-19T22:00:41Z","datePublished":"2023-09-19T22:00:41Z","dateModified":"2023-09-19T22:00:41Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Stellar To Release Protocol 20 Testnet Upgrade, Will XLM Rally?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/stellar-xlm\\\/stellar-to-release-protocol-20-testnet-upgrade-will-xlm-rally\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/stellar-xlm\\\/stellar-to-release-protocol-20-testnet-upgrade-will-xlm-rally\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Crypto-news-Template46.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Crypto-news-Template46.jpg?fit=1380%2C780\"},\"articleSection\":\"Stellar\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"protocol 20\",\"soroban\",\"stellar\",\"xlm price\"],\"dateCreated\":\"2023-09-19T22:00:41Z\",\"datePublished\":\"2023-09-19T22:00:41Z\",\"dateModified\":\"2023-09-19T22:00:41Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/Crypto-news-Template46.jpg?fit=1380%2C780","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/552027"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=552027"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/552027\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/552032"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=552027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=552027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=552027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}