Stellar Blockchain’s ambitious journey towards Ethereum-like smart contracts has hit a snag, a recently discovered bug in its upgrade software. So the Stellar Development Foundation (SDF) announced the delay on January 25, prioritizing caution over hasty progress. Meanwhile, the XLM altcoin project reached its daily bottom following the development. Here are the details…
There was a problem in the Stellar network
Stellar encountered a ‘bug’ in its upgrade software. Guilty? It is a seemingly minor increase in code for Stellar Core v20.1.0 that may cause applications that benefit from “fee increases” for Soroban transactions to misbehave after the upgrade. Although SDF initially thought the risk was manageable, the voices of the ever-vigilant developer community echoed through the halls. Solid feedback changed their stance and led to the prudent decision to suspend their January 30 upgrade date by deactivating their own validators.
Protocol 20 is a major update that will enable the Stellar network to support “Soroban” smart contracts, a new type of transaction that can execute complex logic and functions on the blockchain, similar to those on Ethereum. According to SDF, the bug could potentially impact applications and services that use Soroban smart contracts, causing them to behave differently than expected or intended.
Feedback from the Stellar community
SDG initially decided that the bug posed little risk, given that the upgrade would be implemented gradually and Soroban smart contracts would not be widely used at first. However, after receiving “strong feedback” from the Stellar developer community, SDF changed its stance and decided to “disarm” its own validators. This meant they would not vote to activate Protocol 20 on January 30, the original target date.
SDF said it will work to fix the bug and release a new version of the software as soon as possible and will communicate the new timeline for the upgrade when it is ready. SDF also clarified that the bug does not affect the security or stability of the existing Stellar network, and existing applications and services will continue to operate normally. SDF added that it respects the autonomy of other validators on the Stellar network and that they may choose to vote for Protocol 20 on January 30 if they are confident that the bug will not affect them or their users. However, SDF advised them to wait for the release of new software and the revised upgrade plan to ensure a smooth and successful transition to Protocol 20.
Altcoin price remained almost stable
Amid this intellectual wrangling, the market has remained surprisingly stoic. Stellar’s native token, XLM, fell 0.3% in the 24 hours following the announcement. However, it maintained its position with an increase of 0.40% throughout the week. However, it must be said that XLM is currently bottoming out on a daily basis. Currently, the coin is down from its daily high of $0.117 to $0.1156.
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