XDB CHAIN Upgrades Smart Contracts on Futurenet
May 30, 2024
XDB CHAIN is on the verge of a significant technological leap as it has completed upgrade of Smart Contract platform on its Futurenet environment, which runs with XDB CHAIN Protocol V20. This upgrade heralds a new era for developers and users alike, allowing them to experiment with and test smart contracts on the network.
The introduction of Soroban smart contracts on the XDB CHAIN futurenet is poised to revolutionize how decentralized applications (dApps) are developed and deployed within the ecosystem which “empowers Brands and Consumers of Tomorrow”.
The Advent of Smart Contracts on XDB CHAIN
The deployment of the Smart Contract platform on XDB CHAIN futurenet signals that users/developers can start building applications with a set of innovative use cases leveraged by smart contracts. They are in essence self-executing contracts with the terms of the agreement directly written into code, and have the potential to automate and streamline numerous processes across various industries. This new capability on the XDB CHAIN will allow developers to test the robustness and functionality of their dApps in a controlled environment before full deployment. Soroban, a smart contract platform initially developed by Stellar and compatible with any fork of Stellar like XDB CHAIN, provides a powerful and flexible framework for creating these contracts. By leveraging Soroban on the XDB CHAIN futurenet, developers have now the opportunity to build Real World Use Cases and to interact with with Real World Assets (RWA), driving the ecosystem forward.
Documentation and Resources for Developers
XDB CHAIN is committed to supporting its developer community by providing tailored examples and guides specific to its network. These resources will soon be available on the XDB CHAIN developer website at XDB CHAIN Developer Resources. These guides will offer practical examples and step-by-step instructions, making it easier for developers to start building and experimenting with smart contracts on the futurenet.For now, users and developers are encouraged to join the official XDB CHAIN Community on Discord at https://discord.gg/3pW6FAbM. Engage in discussions on the main chat with the support of community moderators and product developers.
Future Prospects: Mainnet Integration
The testing and performance phase on the Futurenet is crucial for identifying and resolving potential issues, ensuring the stability and security of smart contracts before their integration into the mainnet. This phase will also gauge the level of interest and engagement from the community and developers. If the experimentation proves successful and there is substantial interest, XDB CHAIN plans to extend these capabilities to the mainnet, thereby making smart contracts a permanent feature of the ecosystem. One of the initial use cases that XDB CHAIN will begin testing is staking and rewards, to be deployed by all participating BCO projects.
Collaborative Efforts and Use Case Evaluation
XDB CHAIN is not undertaking this journey alone. It is actively collaborating with ecosystem partners to conduct preliminary evaluations of use cases that could benefit from smart contracts. These collaborations are essential for identifying practical applications and ensuring that the integration of smart contracts meets the needs of various industries and sectors.
This upgrade of XDB CHAIN v20 Protocol on Futurenet marks a pivotal moment in the network’s evolution. By enabling the testing and experimentation with Soroban smart contracts, XDB CHAIN is setting the stage for a future where decentralized applications can thrive and more branded tokens can introduce features that do not depend on the execution of a single team or function.
