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Stellar Delays Smart Contract Upgrade Due to Bug Discovery
By AZC News | Jan 29 2024
While the issue is minor, after receiving feedback from the developer community, Stellar is proposing to postpone the smart contract upgrade.Stellar Delays Smart Contract Upgrade Due to Bug Discovery
According to last week's announcement, the Stellar Development Foundation (SDF) - the organization behind the Stellar blockchain development - discovered a vulnerability in the Stellar Core software v20.1.0 on January 25th. In theory, this flaw could impact applications and services on the new "Soroban" smart contract transactions post-upgrade.
While SDF believes the vulnerability appears to be low-risk, following strong feedback from the developer community, Stellar plans to reschedule the network upgrade after January 30th. A representative from the Stellar Development Foundation stated:
With the current situation, if less than 5 organizations vote for the upgrade, it seems that the upgrade will be postponed.
The platform will proceed to patch the bug in the next two weeks. In the event of a rescheduled upgrade, SDF will conduct a vote again for the deployment timeframe in the future.
Stellar is one of the oldest blockchains, known as a fork of Ripple in 2014. The project is currently undergoing upgrades to add programming capabilities and smart contracts similar to Ethereum.
This upgrade is also expected to bring a new look to Stellar's native token, XLM.
Related: Ripple (XRP) and Stellar (XLM): What's The Difference?
Chart of XLM
The 1-week chart of the XLM/USDT pair on Tradingview at 08:08 AM on January 29, 2024.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own researchInstances of hacked Twitter accounts posting misleading information are not unfamiliar in the cryptocurrency space, notably the recent hacking of the U.S. Securities and Exchange Commission (SEC) Twitter account, which falsely approved a Bitcoin spot ETF, significantly impacting Bitcoin prices on January 10th.
Related: Leaders of Wintermute, DWF Labs and GSR "cursed" at each other
Prior incidents include Ethereum co-founder Vitalik Buterin being hacked to share fraudulent links, and more recently, the CEO of the Algorand Foundation had their profile modified to that of a "pole dance performer." CoinGecko also posted a fake airdrop announcement, and there have been numerous other influential accounts affected in the industry.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a de
This positioning implies that there is room for upward movement without immediate concerns of the asset being overextended. Furthermore, the 24-hour trading volume remains robust, signifying sustained interest from traders. Regarding XRP's current chart performance, it is maintaining stability at $0.5261 within a 24-hour range, reaching a high of $0.5355.
With an impressive market capitalization of $28.78 billion, XRP holds the sixth position in the market rankings by capitalization.
Over the last thirty days, XRP's journey through the cryptocurrency markets has resembled a roller coaster, marked by fluctuations in both price and trading volumes. Beginning the new year on a bullish trajectory, XRP maintained a price around $0.629, accompanied by an impressive market capitalization exceeding $34 billion. Early in January, traders fueled the enthusiasm, driving the trading volume to an astonishing $3.2 billion.
Related: Significant Accumulation of ETH, XRP, and GFOX by Crypto Whales
However, the bullish momentum proved to be short-lived. In the middle of the month, XRP experienced a significant downturn, hitting a monthly low of $0.5137. Despite this setback, the digital asset swiftly rebounded, concluding the month near the $0.53 mark, showcasing the resilience for which it is renowned in the crypto community. Although trading volumes were lower compared to the beginning of the month, they remained consistently high.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when makiđź’ All USA verify Number Available âś…
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By AZC News | Jan 29 2024
While the issue is minor, after receiving feedback from the developer community, Stellar is proposing to postpone the smart contract upgrade.Stellar Delays Smart Contract Upgrade Due to Bug Discovery
According to last week's announcement, the Stellar Development Foundation (SDF) - the organization behind the Stellar blockchain development - discovered a vulnerability in the Stellar Core software v20.1.0 on January 25th. In theory, this flaw could impact applications and services on the new "Soroban" smart contract transactions post-upgrade.
While SDF believes the vulnerability appears to be low-risk, following strong feedback from the developer community, Stellar plans to reschedule the network upgrade after January 30th. A representative from the Stellar Development Foundation stated:
With the current situation, if less than 5 organizations vote for the upgrade, it seems that the upgrade will be postponed.
The platform will proceed to patch the bug in the next two weeks. In the event of a rescheduled upgrade, SDF will conduct a vote again for the deployment timeframe in the future.
Stellar is one of the oldest blockchains, known as a fork of Ripple in 2014. The project is currently undergoing upgrades to add programming capabilities and smart contracts similar to Ethereum.
This upgrade is also expected to bring a new look to Stellar's native token, XLM.
Related: Ripple (XRP) and Stellar (XLM): What's The Difference?
Chart of XLM
The 1-week chart of the XLM/USDT pair on Tradingview at 08:08 AM on January 29, 2024.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.ndecision.
