Stellar has unveiled a significant upgrade with the launch of smart contracts through its Protocol 20 update, marking a noteworthy advancement in its blockchain capabilities.

The update, which was approved by a validator vote on February 20, brings the Soroban smart contracts system to Stellar's mainnet.

This move signifies a strategic expansion of Stellar's functionality, allowing for the creation and execution of complex, programmable transactions within its ecosystem.

The introduction of Soroban aims to enhance the blockchain's efficiency and scalability by implementing a phased rollout.

This approach enables validators to closely monitor the performance and integration of these smart contracts before they are fully scaled in the network, ensuring a smooth transition and the reliability of the system as it embraces this pivotal advancement.