Stellar Joins Bytecode Alliance to Help Develop EVM Alternative Wasm

– Stellar has joined an industry group that is working on the development of Wasm, an alternative computation engine for running smart contracts.

– Wasm stands for WebAssembly, which is a binary instruction format designed to be a portable target for the compilation of high-level languages like C, C++, and Rust.

– By joining this group, Stellar aims to contribute to the advancement of Wasm technology and explore its potential applications in the field of smart contracts.

In summary, Stellar’s decision to join the industry group developing Wasm demonstrates its commitment to staying at the forefront of technological advancements in the blockchain industry. By actively participating in the development of Wasm, Stellar aims to leverage this alternative computation engine to enhance the functionality and efficiency of smart contracts on its platform. This move highlights Stellar’s dedication to innovation and its desire to provide users with cutting-edge solutions for their blockchain needs.