The Currency Analytics

Stellar Lumens (XLM) Protocol Upgrade with 13 Changes on why it Matters

By Maheen Hernandez

Stellar Lumens (XLM) New Data Analytics Set

The Stellar Lumens upgrade is a major upgrade to the Stellar Core with cascading effects, which requires the Stellar Ecosystem to upgrade their software.

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…

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.

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…

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.

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.

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