According to the Stellar Foundation, the Whisk upgrade, also known as Protocol 23, was launched on September 3, aimed at improving network operations and creating a better experience for users and developers.
The Whisk Upgrade and Its Key Enhancements
The Whisk upgrade initiates a new naming convention for Stellar protocol versions, simplifying tracking of changes within the community. It includes three main enhancements:
* **Unified Asset Events**: Standardizes operations between classic transactions and smart contracts, delivering cleaner and consistent outputs. * **Parallel Transaction Processing**: Allows Stellar Core to validate current transactions while preparing the next batch, increasing throughput, reducing latency, and keeping fees low. * **Additional Improvements**: Six other protocol enhancements further boost performance and scalability across the network.
The Future of the Stellar Network and Upcoming Features
The Stellar Foundation emphasizes that the Whisk upgrade will reduce friction for developers, provide faster and more affordable transactions for users, and prepare the network to meet real-world demands. Validators will vote on the upgrade on September 3 at 17:00 UTC. If approved, Whisk will go live immediately on the Stellar mainnet, with the next upgrade, codenamed 'X', already in planning stages.
Analysis of Current XLM Price Situation
Currently, XLM, the native cryptocurrency of the Stellar Foundation, is trading sideways with over a 12.75% drop over the past month. The XLM price currently hovers around $0.36, prompting analysts to remain hopeful for a possible recovery. Crypto analytics platform UniChartz reports that Stellar (XLM) is currently testing its recent breakout zone. Analysts note that if the price holds this key level, it could trigger a strong bounce and continuation of the uptrend. However, failure to maintain this support may push XLM lower, with $0.30 identified as a critical level to watch for the next move.
The Whisk upgrade represents a significant advancement in the development of the Stellar network, enhancing efficiency and readiness for real financial demands. Analyzing the current XLM price situation also shows potential for recovery if key support levels are maintained.
