The Stellar network is set to undergo a significant upgrade on August 27, with the activation of Protocol 28. This upgrade aims to optimize smart contract development and improve the network's core infrastructure. The Stellar Development Foundation plans to roll out the upgrade, which will introduce innovative tools for efficient smart contract coordination and data migration.
Upgrade Details
The Protocol 28 upgrade, also known as the Adapter upgrade, will deploy improvements on Stellar's Soroban smart contracts and network functionality. The update will remove barriers developers face when managing smart contracts, making them more efficient for financial utilities, including DeFi and on-chain applications.
Impact on XLM Token
The upgrade is expected to unlock a better user experience on the Stellar network, potentially attracting more customers to the blockchain and increasing demand for the XLM token. With the launch of Protocol 28, developers will be able to build new types of DApps on Stellar, further supporting higher demand for XLM.