Stellar to Reset Testnet on August 14
Stellar has announced key dates for Protocol 23. On August 14, the testnet will be reset, clearing all accounts, assets, and contracts. Developers are advised to back up and recreate essential data. Stable builds will also be available on that date. A vote on the mainnet upgrade is scheduled for September 3. All Stellar software, including Core, RPC, Horizon, and SDKs, must be upgraded after the reset, regardless of July updates. This reset lies outside the typical protocol upgrade process and is prompted by essential changes to Stellar Core. Refer to the official tweet by XLM: 🚨 Protocol 23 Timeline Updates 🚨Key dates:Aug 14: Testnet reset + stable builds availableSep 3: Mainnet upgrade voteThe Aug 14 reset will clear ALL testnet data (accounts, assets, contracts.) Be ready to recreate what you need!You'll need to upgrade ALL Stellar software…XLM InfoStellar is a decentralized, open-source blockchain platform for conducting financial operations. It was founded in 2014 by Jed McCaleb, one of the co-founders of Ripple. Stellar utilizes its own consensus protocol called the Stellar Consensus Protocol (SCP), which enables faster and more reliable transaction processing compared to most traditional systems.The main goal of Stellar is to create an international platform for digital payments that brings together individuals, banks, and payment systems. A crucial aspect of Stellar's functioning is the support for the creation and exchange of “anchor” issuers who process deposits, facilitate asset issuance, and meet the requirements for developers to build products and services using these assets, with a focus on enhancing the end-user experience.Stellar has its own cryptocurrency called Lumen , which is used within the system to pay transaction fees and prevent spam.