Bitcoin News and Finance
Stellar Development Foundation Votes to Delay Protocol 20 Upgrade Amid Bug Concerns Skip to main content

Stellar Development Foundation Votes to Delay Protocol 20 Upgrade Amid Bug Concerns

Stellar Development Foundation Wants to Hits Pause on Protocol 20 Upgrade Due to Critical Bug

The Stellar Development Foundation wishes to put a hold on the upcoming Protocol 20 upgrade of the Stellar blockchain network, originally scheduled for January 30. This decision follows the discovery of a bug that could impact the Soroban smart contract transactions.

Stellar Development Foundation Wants to Hit Pause on Protocol 20 Upgrade Due to Critical Bug

The Stellar Development Foundation (SDF) has announced a delay in the Protocol 20 upgrade of the Stellar blockchain, originally scheduled for January 30. The decision follows the discovery of a bug in Stellar Core v20.1.0, which could potentially impact Soroban transactions.

The SDF, in a blog post dated January 27, expressed its commitment to ensuring the network’s readiness for the upgrade, but also the importance of consensus within the ecosystem. “We are not an ecosystem of one,” the post read, emphasizing the collaborative nature of the decision-making process.

The bug, identified on January 25, affects fee-bumped Soroban transactions, potentially leading to incorrect handling of refunds. Soroban, a smart contract platform on Stellar, went live on a testnet in October 2022.

Tyler van der Hoeven, a core developer of Stellar, noted in a post on X that Protocol 20 would be a “phased rollout,” although the timeline for full implementation of Soroban smart contracts remains unspecified.

In light of the bug, the SDF has disarmed its validators to prevent them from voting for the upgrade. The foundation clarified that the decision to upgrade rests with the entire network of validators, not solely with the SDF. As of December 2023, there were 43 validator nodes, according to Stellarbeat.io.

The SDF stated, “No matter the outcome, we will continue to work to resolve the bug, and to engage in discussions with other validators in both public and private channels.”

Stellar, one of the oldest blockchain projects, primarily focuses on payments and asset tokenization. The addition of Ethereum-style smart contracts through Soroban is expected to significantly enhance the blockchain’s capabilities.

The SDF reassured the community that a fix for the bug is underway and should be available within two weeks. In the event of a postponement, the foundation will coordinate with validators to determine a new date for the Protocol 20 vote.

The Stellar community and developers are encouraged to stay informed through the Stellar Dev Discord and developer mailing lists. The SDF emphasized the importance of cooperation and consensus for the success of the upgrade, stating, “We are grateful that this ecosystem is willing to engage in important conversations like this.”

Do you think Stellar will become a popular place for smart contract developers? Share your thoughts and opinions about this subject in the comments section below.

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory