Stellar Development Foundation Postpones Smart Contract Upgrade Due to Bug Discovery
Summary:
The Stellar Development Foundation (SDF) has delayed its smart contract upgrade on the Stellar blockchain due to the discovery of a bug. The SDF, which is working on a fix, decided to postpone the Protocol 20 vote to a date after the issue's resolution. It emphasized that the upgrade's decision lies with the non-SDF validators who can still vote as planned. The bug arises during a "Soroban" transaction request and affects a refund's redirection. The fully implemented Soroban smart contracts on Stellar will roll out in phases.
After identifying a bug in the Stellar Core v20.1.0, the Stellar Development Foundation (SDF) has decided to delay its planned smart contract upgrade on the Stellar blockchain. Originally scheduled for late January, the update to Protocol 20 will now take place following the bug's correction. The bug was first detected by SDF on January 25, and while it poses low threat, it does hold potential implications for various applications. The SDF reassured stakeholders that remedial measures are already underway and the bug fix should be delivered within a fortnight.
SDF has underscored that the decision to upgrade the network will be entirely up to the individual validators on the Stellar network, who may still vote in favour of the Protocol 20 upgrade originally slated for January 30. SDF's stance is that they will navigate with the validator community to decide on a future voting date once the Stellar Core version containing the bug fix is released. They remain committed to rectify the issue and maintain active discussions with other validators through both public and private avenues.
A quorum vote by the validators is mandatory for the Protocol 20 upgrade to pass. As of December 2023, there were 43 validators on Stellar, as recorded by Stellarbeat.io.
The bug in question is triggered when there is a "Soroban" transaction request that leads to a refund and a fee bump; under the current coding, the refund is not directed to the fee-bump’s source account as should be. SDF detailed this in a post on GitHub on January 25. Soroban, a smart contract platform that went live in October 2022 on a Stellar testnet, has seen substantial support from SDF, including the creation of a $100 million fund dedicated to attracting developers.
Tyler van der Hoeven, one of Stellar's chief developers, highlighted that the launch of Protocol 20 and the full execution of Soroban smart contracts on Stellar will be conducted in phases. However, no exact timeline has been offered.
Stellar, primarily engaged in payments and asset tokenization, remains one of the most senior blockchain projects. Its native token, XLM, commands a market cap of around $3.2 billion.
Published At
1/29/2024 3:34:59 AM
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