Gamza Khanzadaev
The Stellar Development Foundation has created a multimillion-dollar fund to boost the adoption of its new smart contract platform.
Nonprofit organization Stellar Development Fund announced today that it has opened a new line of funding within its community fund, but only certain initiatives will be eligible. Therefore, developers who want to improve Soroban, the new smart contract platform built for Stellar ( XLM), can apply for support from this fund.
Soroban is currently in testing and will be released during the first half of 2023. Earlier, a $100 million Soroban Adoption Fund was also established to support its development; it is expected that this platform will provide developers with everything they need to create scalable applications quickly and easily. Access financial services through Stellar.
The Stellar organization’s new method for organizing data combines two existing methods into one super-efficient system.
Stellar ( XLM) insights
In the context of such large and technologically advanced budgets, one wonders how much demand there is for Stellar. Thus according to StellarChain—which tracks accounts on both networks—there are currently 7.28 million users on its own platform (almost 3 million more than XRP Ledger’s).
According to the same source, in the last 24 hours 3.32 million transactions have gone through Stellar’s blockchain—a number comparable with and even slightly higher than Ethereum’s transaction rate of 18 quintillion per second.
