Stellar announces new Protocol 20 vote: Here’s the timeline

The Stellar Development Foundation (SDF) has announced that a new vote for the Protocol 20 upgrade that was delayed last week is expected on February 20.

“Today, in response to ecosystem feedback about a non-critical bug, Stellar (XLM) network validators postponed the vote to upgrade the Stellar Mainnet to Protocol 20,” the SDF posted on X.

As noted, the announcement follows community feedback amid a bug issue. Although a fix is “already in the works”, its discovery last weekend meant stakeholders chose to delay the crucial validator vote. This had initially been targeted for January 30.

New timeline for Protocol 20

Protocol 20, which is a software update meant to introduce Soroban smart contract to the Stellar network, now has a new timeline. This starts on Friday, February 2 with the deployment of a new version of Stellar Core.

The release of the Core 20.2 Candidate will be followed with a stable release, testnet reset and upgrade on February 6. On February 20, the SDF expected validators to vote on the Protocol 20 upgrade. Phase 0 of the new network iteration is also expected to roll out on this date.

3/ Here’s the timeline 🗓️:
▪️February 2: Core 20.2 Release Candidate
▪️February 6: Core 20.2 Stable Release and Testnet Reset + Upgrade
▪️February 20: Target Protocol 20 Upgrade Vote + Phase 0

— Stellar (@StellarOrg) January 30, 2024

Stellar (XLM) market muted

As witnessed during the initial delay announcement over the weekend, the XLM market has largely posted a muted response to today’s notice. The altcoins continue to trade above the $0.11 level where it’s hovered since breaking above $0.10 on January 23.

However, XLM is currently below its year-to-date highs above $0.13. Current price is down 1.3% in the past 24 hours and 12% down in the past 30 days.

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