Stellar (XLM) Launches Roadmap For 2022, There Will Also Be Smart Contracts, You Know

Crypto XLM will launch a smart contract in 2022. (Kriptonat)

JAKARTA – Recently, crypto Stellar (XLM) launched a roadmap for 2022. XLM notes that 2021 has provided clues as to where Stellar should be moving. Therefore, the XLM developer, the Stellar Development Foundation (SDF) expressed its commitment to support the development of smart contracts on the XLM network.

Tomer Weller, VP of Technical Strategy at Stellar, said, “We're taking DeFi on Stellar to the next level. Smart contracts will lower barriers to entry and allow developers to build new functionality that reduces new mutual funds without changing protocols.”

With smart contracts meant to be implemented on the Stellar blockchain soon, XLM will join Ethereum, Polkadot, Cardano, and Cosmos by enabling smart contracts. It is usually used to automate the implementation of agreements without the need for intermediaries and does not take much time.

AMM DeFi functionality becomes available in 2021; thus, DeFi is nothing new for Stellar. However, the cross-border token aims to expand DeFi's offerings by providing direct access to global networks on and off track, such as MoneyGram. In 2021, global payments giant MoneyGram announced its partnership with Stellar that will provide crypto-to-cash conversion.

“We are exploring options for smart contract and VM languages, both existing and those we are developing ourselves. Our main considerations are: security, scalability & fair access,” said Weller.

Even so, Stellar has not explained the time for the launch of the smart contract in detail. Weller only leaked that it was targeting full-featured testing by the end of 2022.

“We are targeting a feature-complete test network by the end of 2022. Ultimately, the ecosystem will decide whether and when to enable smart contracts on Stellar,” he added.

Stellar's roadmap for 2022 includes three things. First, improve network scalability and network innovation. This is expected to be achieved by expanding network capacity by an order of magnitude and enabling mutual fund-free innovation.

Second, enable more network participation. This will be achieved by incorporating ecosystem feedback and engagement in the long-term Stellar strategy, increasing ecosystem commitment and ownership, and attracting new participants. Third, demand and promote diversity and inclusion by conducting the necessary research.