Stellar all the way for developers – The world of smart contract development is very competitive. We must not skimp on the means to attract the best. And the Stellar Development Foundation (SDF) understood this well. This is why it is announcing the launch of a new financing initiative to the tune of 100 million dollars. The goal ? Encourage developers to use its new smart contracts platform, Sorobanposted on October 11.
Soroban at Stellar: frictionless innovation
It’s hot, it just came out. The new smart contract platform Soroban has just been launched on October 11 on Stellar (Futurenet). This blockchain is one of the oldest, founded in 2014, by Jed McCaleb. The latter is also the founder of the infamous plateforme Mt. Gox and co-founder of Ripple.
The Soroban ecosystem will make it possible to bring so-called smart contracts to the Stellar blockchain Turing-complets, i.e. capable of running any program. To put it simply, developers have a whole new interface allowing them to exploit their full potential. You still have to encourage them to build on it. This is where the nonprofit Stellar Development Foundation (SDF) comes in, with its $100 million incentive.
The objective of the Soroban ecosystem is multiple. Make smart contracts more efficient by reducing gas costs at lower prices than the competition. For this, Soroban simplifies transactions and uses less computing power to implement them.
Tomer Wellerthe Vice President of Technology Strategy at the SDF, confided in our colleagues at Coin Telegraph:
“When we examine what exists today in the smart contract landscape, we find that these are generally solutions that mix a patchwork of tools of variable quality, difficult to implement and quite expensive. For Stellar, we wanted to build something better”.
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The blockchain is looking for talent
Developers can now start testing the smart contract platform. They are rewarded for this through the Soroban Adoption Fund de 100 millions. Through this program, developers will be able to contribute their feedback through code examples, tutorials and the detection of possible bugs.
Stellar’s goal is clear: attract developers at a time when skills remain scarce. The crypto sector is still young and booming. Few talents are already familiar with the programming languages used. Thus, despite the bear market bringing its share of forced layoffs following the business bankruptcies, web 3 developer profiles remain in high demand. A supply of talent well below demand, which does not experience the crisis.
Web 3 developers are rare and their desired skills. This is not the first time that a company has announced a economic incentive program in order to get them to build on its blockchain. Indeed, like Ethereum, what makes the power of a blockchain and which weighs heavily in the balance of democratization is the strike force of its developers. The latter are building the world of tomorrow with a lot of applications, each more useful than the other. Applications which, like DeFi, will one day be used by the entire planet.
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