Stellar to invest $100 million to develop Soroban smart contract application
The Stellar Development Foundation will invest $100 million to allow developers to develop applications for the platform. The foundation is launching the Soroban smart contract platform, which will give Stellar a better foundation to compete with Ethereum. Stellar has previously only been used to process cryptocurrency payments, with the launch of Soroban enabling developers to create blockchain applications on-chain, with Soroban ending its two-year testing phase in January 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Former SEC Chairman Gensler says he is "proud" of taking enforcement actions to regulate cryptocurrencies
Tether issued an additional 1 billion USDT 3 hours ago.
BitGo officially submits S-1 filing to the US SEC, initiates IPO process
Trending news
MoreCrypto prices
More








