Stellar joined the industry group developing Wasm, an alternative computation engine for running smart contracts.
The Stellar Development Foundation has joined the Bytecode Alliance, an industry group promoting the development of WebAssembly (Wasm), according to an Aug. 21 announcement. Wasm is a competitor to the Ethereum Virtual Machine (EVM) used by the Ethereum ecosystem. It is also used in non-blockchain, browser-based applications.
We are officially members of @bytecodeallies! Our goal? To shape the future and development of WebAssembly for blockchain developers.
— Stellar (@StellarOrg) August 21, 2023
Time to get to work https://t.co/MBLkWoNlDl
EVM is a virtual machine or computation engine used to execute smart contracts. It is used by most blockchain networks, including Ethereum, BNB Smart Chain, Avalanche and many others. But a few networks use Wasm instead, including Polkadot, MultiversX (formerly Elrond) and Internet Computer.
Stellar began as a payments network in 2014. But in 2022, it implemented smart contracts to provide more functionality to the network. In April 2022, Stellar developers chose Wasm as their computation engine. They argued that despite the popularity of EVM, its “storage and execution models are expensive and challenging to parallelize,” which “gets in the way of scalability,” making transactions more expensive.
Related: Stellar dips into treasury to buy minority stake in MoneyGram
Stellar also argued that Wasm was perfect for “extremely adversarial” environments like blockchains, as it was originally developed for browser applications. This was another reason the team chose Wasm over EVM.
But much of the development work for Wasm is produced by the Bytecode Alliance, a nonprofit organization made up of internet companies such as Amazon, Cisco, Intel, Microsoft and others. When Stellar chose Wasm as its computation engine, Internet Computer developer Dfinity was the only member of the alliance representing a blockchain network.
In its Aug. 21 announcement, Stellar argued that joining the Bytecode Alliance was a “no-brainer,” as it would allow the team to “influence standards and tooling” within the Wasm development community. The team emphasized that its goal was to not only represent Stellar but to “advocate for all of blockchain and its developers.” According to Stellar, its participation in the organization will help the alliance support the needs of Web3 and blockchain developers:
“This influence ensures that the Alliance considers the unique needs of blockchain and non-web use cases, moving the Wasm ecosystem towards accommodating and supporting a broader range of applications, like [...] Smart contract platforms.”
The Wasm community continues to make inroads into the EVM-dominated Web3 world. On April 3, the Astar network announced that it would allow both EVM and Wasm contracts to be deployed on the same network, allowing developers to use either virtual machine. Astar labeled the event “Wasm launch day.” On Aug. 22, Binance announced it would provide $2.2 million in funding for a zero-knowledge proof application platform using Wasm called “zkWASMHub.”
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marcushenderson624
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09.10.25 11:05
marcushenderson624
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09.10.25 11:05
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12.10.25 01:12
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12.10.25 21:36
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elizabethrush89
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robertalfred175
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14.10.25 08:46
robertalfred175
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14.10.25 08:46
robertalfred175
CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
15.10.25 18:07
crypto
Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.
15.10.25 21:52
harristhomas7376
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15.10.25 21:52
harristhomas7376
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