Stellar Development Foundation released an upgraded distributed network codebase with improved security, scalability, and modularity. The new version introduces batching operations and multisignature accounts, enabling developers to build financial services like crowdfunding without scripting.
The Stellar Development Foundation announced the release of an upgraded Stellar network codebase that is more secure, scalable, and modular than the previous version. The new Stellar Core is half the size of the old codebase, runs faster, and uses less memory while maintaining the Stellar Consensus Protocol for safety against forking. Key features include batching operations (where multiple operations succeed or fail together) and multisignature accounts (allowing flexible access control with weighted signers). These features enable simple contracts that enforce constraints without scripting. The post demonstrates a practical example: a joint crowdfunding mechanism for a hospital in Johannesburg where government and NGO contributions are held in escrow with automatic refunds if funding goals aren't met by a deadline.
