Stellar is launching Soroban, a smart-contract platform built with Rust and WebAssembly, to compete with Ethereum and other chains. The upgrade, expected by year-end, includes a $100M adoption fund and partnership with Certora for security verification.
Stellar Development Foundation is introducing Soroban, a smart-contract platform designed to challenge Ethereum's dominance. Built using Rust and WebAssembly instead of Solidity, Soroban addresses state bloat through data expiration and launched on testnet in September. The SDF has committed $100M to developer adoption and partnered with Certora for code verification. While Stellar faces significant competition from established platforms like Ethereum, Solana, and Aptos, the foundation's $2.3B treasury and MoneyGram partnership provide resources for growth. The mainnet launch is targeted for late 2023.
