The Stellar Organization announced via X on Wednesday that it has officially postponed the planned upgrade of the Stellar Mainnet to Protocol 20. The upgrade was delayed due to the presence of a bug in the network.
With the vote postponed, the focus turns to preparing for a new vote, starting with deploying a new version of Stellar Core on February 2, the team added. A fix for the bug is set to be available within two weeks.
Stellar is an open-source network with the mission to "create equitable access to the global financial system." Stellar is maintained by the Stellar Development Foundation, a non-profit organization established in 2014. XLM is down by 3% in the last 24 hours and is now trading at $0.1102 per coin.