The Stellar Lumens upgrade is a major upgrade to the Stellar Core with cascading effects, which requires the Stellar Ecosystem to upgrade their software. The Guide to Protocol 13 prep is already out.
Stellar Lumens tweeted: “The next major upgrade to Stellar Core is coming soon! We’ve written a guide that walks through the upcoming Protocol 13 changes and explains why they matter.”
Protocol 13 adds three new features like fee bumps, fine-grained control of asset authorization, and first-class multiplexed accounts.
Fee bumps helps to cover for user fees, increase fees for pre-signed transactions, and provides for validators with the flexibility to increase fees.
Protocol 13 facilitates a new flag that permits revoking authorization while maintaining orders on the books, making it easier to tokenize regulated assets like securities.
Protocol 13 facilitates the introduction of a new type of account with addresses that includes a built-in 64-bit memo.
Protocol 13 includes two optimizations like CAP-28 and CAP-30. CAP-28 provides for a small improvement in convenience when dealing with pre-auth signers. CAP-30 stops checking if the issuing account for an asset exists during the payment, path payment, and placing/managing an offer.
All the changes are merged and released in Stellar Core v13.0.0. The testnet is already running on Protocol 13.
Sydney Ifergan, the crypto expert, tweeted: “A lot has gone to make things work, and the only thing that the users should do is to upgrade their Stellar Lumens (XLM) Protocol using the Protocol 13 Guide.”
Some Newbie are investors are concerned if they need to do something to keep the XLM in their wallets safe.
Stellar continues its work of connecting banks, payment systems, and people. Further, they are integrating to move money quickly, reliably at almost no cost at all.
Meridian 2020 announced the Stellar Community Fund winners and a new Stellar Data Analytics set.
One of the interesting tweets read: “One might say that if Bitcoin and XRP were to get married, Stellar would be the child. It possesses the great qualities of these two strikingly different cryptocurrencies.”
The Stellar Development Foundation is completely owned by a non-profit organization and the community. There are no leaders not owned even by the founding members.
Stellar has several successful partnerships and major players in the Finance and Tech industry. The main focus of the Stellar Consensus Protocol is to prevent double-spending by fraud actors. While the SCP is the fork of the Ripple Protocol, several code changes have made it to be its own thing.
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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