The Stellar Foundation has announced the launch of its latest network upgrade, known as Whisk, which focuses on enhancing user and developer experience.
Key Enhancements of the Whisk Upgrade
The Whisk upgrade marks the beginning of a new naming convention for Stellar protocol versions, simplifying tracking and discussion of upgrades. Key enhancements include:
* **Unified Asset Events**: standardizes operations between classic transactions and smart contracts, producing cleaner, 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 CAPs**: six other protocol improvements further enhance performance and scalability across the network.
The Stellar Foundation highlighted that Whisk reduces friction for developers, provides faster and more affordable transactions for users, and prepares the network to handle real-world demand.
Impact of the Upgrade on XLM Price
Currently, XLM, the native cryptocurrency of the Stellar Foundation, is experiencing challenges and has seen a decline of over 12.75% in the past month. Analysts express hope for a possible recovery ahead. Crypto analytics platform UniChartz reports that Stellar (XLM) is currently retracing to test 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.
Future of Stellar and Further Plans
The Stellar Foundation emphasizes that the Whisk upgrade will strengthen the network's scalability, enhance performance for developers, and lay the groundwork for future financial applications. Last month, the Foundation joined the ERC-3643 Association to support the development of standardized frameworks for compliant tokenization, which could open doors for regulated asset trading.
The Whisk upgrade is a step forward for the Stellar network, providing new opportunities for both developers and users while the XLM price remains a focal point for investors.
