The Stellar network has proposed an upgrade called SLP-0001 to enhance its Smart Contract capability. The upgrade would increase the limits on ledger read and write, allowing for more complex operations and interactions between different smart contracts. It would also increase the event size limit, benefiting cross-chain applications. The upgrade is expected to have a positive impact on various projects, including Hoops Finance, Soroswap, Yieldblox, and Blend Protocol. The developers have tested the performance and found a slight increase in transaction processing time, but it remains within an acceptable range. The upgrade would allow users and developers to build more complex applications and enjoy a faster and more effective financial tool. Despite a decline in XLM's price, analysts believe that the recent development could spark a rally.



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