"RV UPDATE" BY GOLDILOCKS, 18 JAN

GOLDILOCKS

Everything you need to know to prepare for the Jan 30th Protocol 20 vote, bringing smart contracts to Stellar Mainnet 👇

1/ We're officially two weeks out from Jan 30, 2024.

That means we're two weeks out from the Protocol 20 vote, which brings Soroban to Stellar Mainnet.

2/ Protocol 20 will mark the most transformative upgrade to the Stellar network to date.

And to preserve the network's performance, security, and stability during this time, the ecosystem has agreed to a phased rollout for Soroban transactions.

3/ Following a positive validator vote, Phase 0 begins, which is designed to allow network operators to observe the network after the upgrade, and not intended for end users to interact with applications.

During Phase 0, developers are encouraged to continue utilizing Testnet.

4/ In Phase 1, builders gain the ability to deploy contracts on Mainnet for testing. Like Phase 0, this environment is not meant for application users.

As Phase 1 progresses, smart contract usability will expand based on network health and user feedback.

5/ Phase 2 marks the start of a user-ready Mainnet where anyone can deploy and interact with smart contracts.

In this phase, the network is ready for more extensive smart contract utilization, so it's the practical beginning of smart contracts on the Stellar network.

6/ We plan to communicate early and often during each phase as changes are made and the network builds towards full capacity.

In the meantime, please ensure all of your relevant software is upgraded in preparation for Protocol 20 👇
Twitter Link
Stellar Link

 In 2 weeks, we will be ready for the upgrade vote that is expected to allow us to move forward with the integration of Quantum Technologies around the world.

At this time, you can expect fluctuations in the market as many assets being tokenized and interfaced with Global Markets around the world will bring our markets and banking system into alignment with one another under the new digital asset-based trading system and Basel 3 compliance protocols.

© Goldilocks

https://stellar.org/blog/developers/protocol-20-upgrade-guide