According to last week’s announcement, the Stellar Development Foundation (SDF) – the organization behind the Stellar blockchain development – discovered a vulnerability in the Stellar Core software v20.1.0 on January 25th. In theory, this flaw could impact applications and services on the new “Soroban” smart contract transactions post-upgrade.
Based on ecosystem feedback, we’ve decided to disarm our validators in support of postponing the Protocol 20 vote on Jan. 30 until after a bug fix – which is already in the works – is available.
Read more about our decision below. https://t.co/b0hXJqlqem
— Stellar (@StellarOrg) January 27, 2024
While SDF believes the vulnerability appears to be low-risk, following strong feedback from the developer community, Stellar plans to reschedule the network upgrade after January 30th. A representative from the Stellar Development Foundation stated:
With the current situation, if less than 5 organizations vote for the upgrade, it seems that the upgrade will be postponed.
The platform will proceed to patch the bug in the next two weeks. In the event of a rescheduled upgrade, SDF will conduct a vote again for the deployment timeframe in the future.
Stellar is one of the oldest blockchains, known as a fork of Ripple in 2014. The project is currently undergoing upgrades to add programming capabilities and smart contracts similar to Ethereum.
This upgrade is also expected to bring a new look to Stellar’s native token, XLM.
Related: Ripple (XRP) and Stellar (XLM): What’s The Difference?
Chart of XLM
The 1-week chart of the XLM/USDT pair on Tradingview at 08:08 AM on January 29, 2024.
