Stellar Faces Possible Delay in Upgrade Due to Bug: What You Need to Know

After receiving robust feedback from the blockchain's developer community, the Stellar Development Foundation is now recommending a delay beyond the Jan. 30 target date for the upgraded software bug identified on Jan. 25, which was initially considered to pose little risk.

The Stellar Foundation is backing the decision to delay the smart-contracts upgrade due to the discovery of a bug.

The Stellar blockchain, known for its robustness and reliability, has been eagerly awaiting its much-anticipated upgrade to incorporate Ethereum-style smart contracts. However, a recently discovered bug has thrown a wrench into the timeline, prompting developers and validators to reassess the scheduled January 30 release.

Bug on the Horizon

The bug was discovered on January 25 in the Stellar Core v20.1.0 software by the Stellar Development Foundation (SDF), a pivotal supporter of the blockchain’s ecosystem. While the foundation initially downplayed the potential impact of the bug, feedback from the developer community has prompted a change in plans.

“The bug posed little risk given the phased rollout plan,” SDF officials stated. However, after receiving “robust feedback,” the foundation is now considering disarming its own validators to prevent them from voting for the upgrade on January 30.

Potential Split in the Road

While the SDF may delay the upgrade, other validators could still proceed with the Protocol 20 upgrade. This presents an interesting fork in the road, as different validators may choose different paths, leading to potential divergence within the Stellar ecosystem.

Light at the End of the Tunnel

Thankfully, there is hope. Developers have assured us that a fix for the bug will be available within the next two weeks. If the upgrade is postponed, the SDF will work with the community to determine a new date for the all-important vote.

The Stellar Journey

Let’s take a moment to appreciate the journey of Stellar. Born as a fork from the Ripple protocol back in 2014, Stellar has solidified itself as one of the oldest blockchains in existence. Now, it’s ready to take the next step and introduce the programmability and versatility that Ethereum’s smart contracts offer.

XLM Tokens: A Trader’s Delight?

With this upgrade on the horizon, traders are naturally pondering the impact on Stellar’s native XLM tokens. As the community eagerly awaits the rollout of smart contracts on the Stellar blockchain, speculations surround the potential positive influence this facelift could have on the XLM token’s value.

Q&A: Addressing Your Burning Questions

Q1: How does Stellar’s upgrade to incorporate smart contracts compare to Ethereum’s capabilities?

A: While both blockchains offer smart contract functionality, there are subtle differences in their implementation and capabilities. Stellar’s upgrade aims to bring programmability to the blockchain, similar to Ethereum, but the specific features and tooling may vary.

Q2: Is there any concern about potential security risks after this bug discovery?

A: The Stellar Development Foundation, in conjunction with the developer community, takes security seriously. While bugs can be concerning, the phased rollout plan and the ongoing collaboration to address the bug demonstrate the commitment to maintaining a secure and reliable blockchain ecosystem.

Q3: What other developments should we be excited about in the Stellar universe?

A: Beyond the upgrade to add smart contracts, Stellar has a vibrant ecosystem with various projects and partnerships in progress. Keep an eye out for new initiatives aiming to leverage Stellar’s capabilities in cross-border payments, asset tokenization, and decentralized finance.

Looking Ahead: Opportunities and Recommendations

Though a delay in the upgrade might seem disappointing, it’s important to remember that technological advancements require meticulous testing and bug fixing. This is a sign of the Stellar community’s dedication to delivering a secure and robust blockchain.

As for traders and investors, the impending upgrade breathes new life into Stellar’s XLM tokens. Smart contracts have the potential to attract more developers, enthusiasts, and utility to the Stellar network, which could positively impact XLM’s value.

References

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