.StellarOrg smart-contract platform Soroban will take advantage of a $100 million adoption fund from the Stellar Development Foundation to reward developers who help test the platform. By LizKNapolitano
Native smart-contract platform Soroban has launched on the Stellar network with the support of a $100 million fund, according to a Tuesday press release.
Tomer Weller, vice-president of tech strategy at the Stellar Development Foundation, says the platform plans to offer smart contract fees that are lower than those of their competitors by simplifying transactions and utilizing comparatively lower levels of computing power to process them. The platform’s inventors have also created a fee model designed to offer consistent fee pricing based on the amount of computing power that's used to process a transaction.
Soroban, which is now live on Futurenet, has put out a call for developers to tinker with its smart contract service, which is written in Rust. Although the platform will go through several test nets before launching in early 2023, it has already been designed with ease of use and simplicity in mind, Weller says.
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