Stellar to Upgrade Testnet to Protocol 24
Stellar schedules its testnet upgrade to Protocol 24 for October 21 at 21:00 UTC. The update focuses on improving network stability and resolving a bug in the state archival feature of Stellar Core.
Refer to the official tweet by XLM:
Stellar@StellarOrgאוק' 21, 2025Releases for Stellar Protocol 24 are now available. If you run Stellar infrastructure, make sure to install them ASAP!
Oct 20: Stable releases available.
Oct 21 at 2100 UTC: Testnet upgrade.
Oct 22 at 1700 UTC: Mainnet upgrade vote.
Check out the upgrade guide for more info on…
XLM Info
Stellar 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 XLMUSD, which is used within the system to pay transaction fees and prevent spam.