Decentralized cryptocurrency platform Stellar is looking to develop smart contracts as part of its 2022 strategy to expand its operations and capacity.
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The development of smart contracts is the “most immediate” innovation for the firm, as it seeks to push engagement, innovation, and utility. Stellar said its code development will center around smart contract implementation.
Stellar Development Foundation Tomar Weller took to Twitter to unveil more details, as he said smart contracts will reduce entry difficulties and push developers to build new trust-minimized functionality.
2/ As part of our 2022 strategy, SDF is committing to support the development of smart contracts on Stellar. Why?
— Tomer Weller (@tomerweller) January 26, 2022
Weller said the firm will start a grant program committed to smart auditing contracts, which it seeks to build from the ground up for parallelism. He noted that performance is limited for smart contracts designed to handle one transaction at a time.
The feature is expected to be tested by the end of the year, but the choice to have the feature will depend on the ecosystem.