• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
stellar xlm crypto altcoin bitcoin

Stellar To Deploy Smart Contracts By End Of 2022? XLM Reacts To The Upside

Reynaldo Marquez by Reynaldo Marquez
1 year ago
in Stellar
Reading Time: 2 mins read
Advertisement

Stellar (XLM) records a positive performance in 24-hours as the crypto market in general recovers from its sell-off. As of press time, XLM trades at $0.20 with a 4.8% profit in the last day.

Related Reading | Stellar Development Foundation Launches New Account Model, How Users Will Benefit

Stellar XLM XLMUSDT
XLM trends to the upside in the 4-hour chart. Source: XLMUSDT Tradingview

On January 25th, Stellar Development Foundation (SDF) Vice President of Technological Strategy Tomer Weller announced via Twitter the integration of smart contract on this network. With a tentative deployment date set by the end of 2022, this addition could transform XLM’s ecosystem and use cases.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

As Weller clarified, the SDF aims for a “feature-complete test network” for that period. However, he believes “the ecosystem” most decide when to roll-out smart contract capabilities on Stellar. Weller will host a Twitter Space today at 12:00 Pacific Time (PT) to provide more details. Weller said:

Stellar enables equitable access to the financial system. DeFi is becoming a major part of that system. DeFi isn’t new to Stellar. It’s been core to the protocol with a built in DEX from the get go (before “DEX” was popularized), and AMM functionality became available in ‘21.

The logical step of that development is to support the introduction smart contracts, Weller said, and take DeFi on Stellar to “the next level”. These capabilities could aid the network and its ecosystem to fulfill the vision of the SDF by lowering “the barrier of entry”.

In addition, developers working on this network will be able to create products with “trust-minimized functionality. More importantly, Stellar will no longer have to implement major protocol changes to deploy a product, dApp, or decentralized service.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Weller also claimed the SDF is currently looking at smart contracts programming languages and Virtual Machines (VMs). These could be developed by the SDF or they could use an existing programming language.

Who Will Benefit The Most From Smart Contracts On Stellar?

The non-profit organization will have three priorities when selecting a programming language, as Weller said: safety, scalability, and equitable access. At the moment, the VP for Tech Strategy believes there is not one “off-the-shelf that fits the bill”.

In that sense, he claimed they are currently looking into existing networks and “learning a lot” to evaluate the components that “work”. The Stellar ecosystem will apparently have a voice at choosing this key element of its smart contract functionalities. Weller added:

For users, DeFi on Stellar means direct access to a global network of on and off-ramps. The latest player to join, MoneyGram, will provide crypto->cash conversions in 300,000(!) locations around the world.

Related Reading | How Stellar Will Host Ukraine’s CBDC Pilot Test With Tascombank

Users stand to be the most benefit from the potential integration with smart contracts. The SDF has also set out to provide developers with a “robust toolset” so that dApps on the network will be safe. In addition, the SDF will launch a grant program with the only objective of auditing smart contracts.

Tags: stellarXLMxlmusdt
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Reynaldo Marquez

Reynaldo Marquez

Related Posts

ukraine Stellar XLM

Stellar (XLM) Poised To Rally? Ukrainian Bank Reveals Successful E-Money Pilot

3 weeks ago
stellar xlm crypto altcoin bitcoin

Stellar Announces Smart Contract Platform “Soroban”, XLM’s Price Reacts With 10% Profits

6 months ago
stellar xlm crypto altcoin bitcoin

Stellar Makes Progress On Roadmap, Why XLM’s Price Lags Behind?

6 months ago
Stellar Lumens XLM XLMUSDT

Why Stellar And MoneyGram Teamed Up With Techstars To Improve Cross-Border Payments

11 months ago
Stellar Lumens XLM XLMUSDT

XLM Takes Off With 20% Gain, SDF CEO Outlines Drivers Which Could Fuel Rally

12 months ago
stellar cryptocurrency xlmusd xlmbtc

Stellar Development Foundation Launches New Account Model, How Users Will Benefit

1 year ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

Big Eyes Coin Presale Crosses $22 Million Mark, Indonesia Plans Launch of Crypto Exchange in June

February 5, 2023

Presenting LYOPAY Pro – An Innovative Payment App Connecting Traditional Finance with Digital Currency

February 5, 2023

Dogecoin (DOGE) And Fantom (FTM) Make Appreciable Profits As Orbeon Protocol (ORBN) Moves Closer To 700%

February 5, 2023

Monero (XMR) and Dogecoin (DOGE) are Popular Twitter Crypto Recommendations. Here’s Why Savvy Investors Choose Snowfall Protocol (SNW) Instead

February 5, 2023

Price Predictions for Polygon (MATIC), Uniswap (UNI), and Snowfall Protocol (SNW) for 2023 – 2030

February 5, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.