The Stellar Development Foundation (SDF) unveils Soroban, a revolutionary smart contracts platform integrated into the Stellar network, marking a significant milestone in Stellar’s journey.
After extensive testing spanning two years, Soroban enters its mainnet phase 2, empowering developers to create user-friendly decentralized applications (dapps) on the Stellar blockchain.
Soroban, powered by WebAssembly (WASM), provides developers with a robust framework to deploy smart contracts seamlessly. This integration expands the functionality of the Stellar network beyond traditional cryptocurrency payments, embracing decentralized finance (DeFi) and other financial services.
To drive adoption and innovation, the Stellar Development Foundation (SDF) establishes a $100 million adoption fund dedicated to supporting projects leveraging Soroban’s smart contract capabilities. This fund aims to accelerate the growth of the Stellar ecosystem and foster collaboration among developers.
Since its inception in 2014, Stellar has undergone a remarkable evolution, transitioning from a Ripple fork to an independent blockchain network. The introduction of Soroban underscores Stellar’s commitment to providing cutting-edge solutions for developers while advancing the adoption of blockchain technology.
