Stellar will introduce smart contract feature this year
Ripple competitor Stellar is planning to introduce smart contract feature in the Stellar’ blockchain Network.
Stellar is known as a perfect competitor of Ripple blockchain, however, Ripple and Stellar are both ideals at their place and working at their own level to provide better service through their better ecosystem. Steller allows its users to swap currencies through its inbuilt decentralized exchange.
On 25 January, Stellar announced that Smart-contract is coming to its blockchain network.
However, no exact date has been provided by the team but they hope that they will successfully introduce it this year.
Justin Rice, head of Stellar development foundation, commented on this new development work on Stellar and asserted that smart contracts will give birth to new accessibility and services in the Stellar ecosystem.
Rice also said that there is lots of work needed to be done, in terms of development and research, and community developers will do the same precisely.
“we’re committed to researching and shepherding the development of the code and creating community engagement around an implementation.”
Further, Rice stated that the goal of steller will remain always to provide high-quality, safe, and secure services to the user to give better competition in the blockchain industry.
XLM is the native coin of Steller. The current price of XLM is $0.198 and this price is 1.64% up in the last 24 hours, while 26% low over the last one month.
Smart contract: New generation need
In the present time, the majority of the crypto blockchain Networks are introducing smart contract features because we are not in 2017-18 when blockchain Networks was in use to facilitate transactions for their native coin only.
We are in 2022, where NFTs, Defi, Metaverse, Web3 concepts are in trend and they need the support of the blockchain ecosystem.
In September 2021, Cardano blockchain Network introduced smart contract features in its network.
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