Stellar Network has published a reminder that on 06/18/2020, there are public network votes to upgrade Stellar Core to Protocol 13.
Denelle Dixon, CEO of Stellar Network, tweeted: “Not everyone needs to know how blockchain works, but they need to be able to derive the benefits from it.”
She had also previously stated, “When you give women the opportunity to have access to financial stability and financial opportunity, it brings up the entire GDP. It creates an opportunity for everyone.”
Stellar Core rolls out a major upgrade in a few times a year. The Protocol 13 improvements are underway. A few weeks ago, it was declared that anyone who runs Stellar Core or Horizon, makes use of a Stellar SDK, or have a Stellar custom integration, will need to ensure that their software supports Protocol 13 between now and June 18. This will be when the public network validators will vote on whether to upgrade the Network as a whole or not.
The current voting is two weeks later than the original vote date. This is an attempt to provide people with more time.
Sydney Ifergan, the crypto tweeted: “The Stellar Lumens (XLM) Protocol is ever-evolving to meet network requirements. This is very lively about the activities there.”
The Stellar Network is moving forward towards newer territories and is evolving to provide for new use cases. The Stellar Network is promising as they are doing the required changes to make the required progress in addressing the new and ongoing needs of the ecosystem.
Previous protocol changes changed the way the fees work and the way in which network capacity is measured. Some changes were geared towards introducing a new kind of path payment. Several changes were made do deal with fee bumps ensuring fine-grained control of asset authorization, including first-class multiplexed accounts.
Recently, Stellar hosted a Webinar with Elliptic in which they discussed about compliance and the Stellar Network. They have thus clarified on the “role compliance” facilitated by tools when it comes to empowering businesses and further driving them towards mainstream adoption.
The Stellar Community Fund Rounds are progressing as determined previously in iteration, thus providing SCF with an opportunity for developers and the content creators in the Stellar Ecosystem.
Thus, the Network keeps the opportunity for developers and content creators in the Stellar Ecosystem open to further share their submissions and to win Lumens when it qualifies.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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