The Bell Protocol 30 upgrade of Stellar is targeted at enterprise use cases involving smart accounts. According to a post on the X platform by Stellar, related work will begin on developing quantum-resistant signatures and faster ledgers; the original source states that this upgrade aims to incorporate these features and improve ledger speed. The upgrade plan was first launched on the test network on November 3, followed by its deployment on the mainnet on November 23.

Key Points

• Bell Protocol Focusing on intelligent accounts for enterprises.
• This upgrade aims to improve both network security and ledger speed.
• Stellar Development Foundation is responsible for protocol governance and development supervision.

Stellar's Bell Protocol Upgrade Focuses on Smart Accounts

The intelligent account feature is the core focus of Bell Protocol. Stellar describes these enhancements as a way to make such accounts more suitable for corporate use, placing corporate needs at the center of protocol changes.

The components related to security include quantum-resistant signatures: According to a post on platform X with the identifier Stellar, the relevant work will begin from here; and the original source states that these features will be incorporated into the system. Together with the changes regarding accounts, this constitutes part of the efforts to enhance security and scalability mentioned by Stellar.

Ledger improvements and two-phase rollout

According to the post on platform X with the ID Stellar, Bell Protocol will initiate work related to launching a faster ledger in 30 days; the original source states that this upgrade is aimed at improving the speed of the ledger.

The Bell Protocol upgrade for Stellar has scheduled two deployment dates: November 3rd for the test network and November 23rd for the main network. The published timeline indicates that the test network upgrade will precede the release of the main network.

Governance and Cross-Border Transactions

Stellar Development Foundation is responsible for the governance of this network and oversees its technological development, including the advancement at the protocol level. Bell Protocol enhancements in areas such as accounts and security are part of this broader development effort.

The underlying goal of Stellar remains to facilitate cross-border transactions and improve global financial accessibility.

This article was generated with the assistance of artificial intelligence and has been reviewed by an editorial team.