The Stellar Development Foundation plans to enhance its blockchain offering with Soroban, a new smart contract platform currently in the testnet phase, focusing on increased security and seamless integration.
The Stellar (XLM) blockchain, known for fast international transactions, is about to introduce something new. This is called Sorobana smart contracts platform currently being tested. What makes Soroban special is its use of WebAssembly (WASM), which is designed to work well with regular websites and blockchain systems.
Blockchains must be very secure. Even a small error in the code can cause major problems. That’s why Stellar wants to ensure that its new system, Soroban, is as safe as possible. Smart contracts, which are agreements stored on the blockchain, must be very secure because they are immutable, so once created they cannot be changed.
We are excited to announce a new partnership with @StellarOrg to help secure the @SorobanOfficial
ecosystem.This initiative is the first time Certora will bring the power of automatic formal verification to a Rust/WASM-powered project.
Here's why Soroban devs should care 👇 pic.twitter.com/YQMyjqZeNp
— Certora (@CertoraInc) October 11, 2023
Stellar works with a security company called Certora to help with this. Instead of checking the code just once, Certora’s tools keep checking it to ensure it’s always safe. When changes are made to the code, these tools ensure that everything still works properly. Tomer Weller, from the team at Stellar, said that with the help of Certora and Soroban’s built-in security, they hope to avoid any security issues.
Stellar was founded in 2014 by Jed McCaleb and Joyce Kim and initially operated as Ripple (XRP). But Stellar wanted to be different, so they completely changed their system and introduced something called the Stellar Consensus Protocol.
Stellar has used smart contracts before, but now they are really focusing on making Soroban the best place for them. This platform is designed to help developers create fast and efficient apps.
