Stellar unveils mandatory Bell update with quantum security and new address format

Stellar , a blockchain network designed for fast and efficient financial transfers, has officially announced its upcoming Bell update, also known as Protocol 30. This comprehensive upgrade aims to streamline the integration of fintech platforms and custodial services, introducing several foundational changes to the Stellar ecosystem. The Bell update introduces a trio of key technical specifications intended to modernize Stellar’s infrastructure. First, CAP-84, called ‘W-addresses,’ enables banks and exchanges to use multiplexing for smart contracts, eliminating the need to create separate wallets for each customer. This allows a single smart contract to manage millions of client balances efficiently. Mini dictionary: W-addresses are an advanced address format introduced on Stellar, which enables the aggregation of multiple user balances or identities within a single smart contract, significantly improving scalability and custodian integration.

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