The Stellar Lumens blockchain is adding support for smart contracts in a bid to challenge Ethereum’s dominance in the space.
This initiative will boost XLM adoption as the network attracts new users, developers, and a host of new applications.
The Stellar Lumens blockchain is going through an upgrade that will see it support smart contracts. Through the new Soroban project, the network will compete with Ethereum which has been the leader in the smart contract space. It will further enable the network which was primarily built as a payment blockchain to attract developers, users, and new applications.
After 9 years in which the project has been focused on building the ultimate blockchain platform, the Ripple rival is now looking to expand its horizon and create a bigger market for itself. Stellar has recently unveiled the Soroban project. The team behind it has defined it as a “developer-friendly, Rust-based smart contracts platform designed for scale and sensibility.”
The new upg

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