The race for market dominance has given birth to a new wave of competition within the crypto-development community, to deliver a platform that can redefine the status quo of monetary transactions. Marking a new milestone in this realm, Stellar, the decentralized protocol for cross-border payments, has announced a new release to keep up with the world’s latest innovations.
The announcement was made by Stellar’s official Twitter handle, which read,
“We just released Go SDK v.1.3.0 for the #Stellar network. Changes include,
– increased flexibility when signing and building transactions
– ability to export Transaction Envelopes before signing”
This update for Go SDK (horizonclient v1.3.0 & txnbuild v1.3.0) is primarily aimed at improving Stellar’s network performance, which is speculated to cater to the expected rise in crypto usage for cross-border payments. The company’s GitHub page also details some of the changes for client, as well as transaction information.
One of the major updates that highlights Stellar’s motive to improve its network performance is the addition of a helper method (Client.HomeDomainForAccount) for faster retrieval of home domain name. Additionally, the network allows the use of TransactionEnvelope right after building a transaction, which was previously possible only after the transaction had been signed.
In what seems to be a move towards attracting budding investors, Stellar also shared its plan to discard the Transaction.SetDefaultFee method, which allowed to setup a predetermined transaction fee. Instead, the network would be using Transaction.TransactionFee method for determining transaction fees in real-time.
Recently, seasoned players including Tron and Ethereum have also amped up their efforts to improve their network for handling a wider range of use cases. Although Stellar’s innovation drive seems to replicate existing ecosystems, it’s a clear indication of healthy competition that is driving innovation for the future of payments.
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