The Stellar Development Foundation recently released the preview for its upcoming smart contracts platform, Soroban. The platform will help developers to experiment with what the venture has developed.

The SDF engineers were almost ready to share the preview back in June. However, they were unable to establish a name for it. The team initially named it Jump Cannon, which did not hit the mark.

They required a single word, which could be searchable and unique while being simple to write and read. Thus, the team started a thread on its official Discord, asking for suggestions. Many users suggested names for the platform, and after several hours of brainstorming, they chose Soroban.

The name, Japanese Soroban, stands for the simplest and the smallest abacus. Its design is minimalist and compact, only focusing on the essentials. It established the global standard for abacuses and is still relevant today.

The team developed Soroban instead of the existing smart contracts platform since they needed such properties. In addition, the market does not possess any platform with such features.

That is why they built Soroban, allowing Stellar to take on smart contract issues. The platform can be accessed by transaction processors, L2s, permissioned ledgers, and other blockchains.

By pairing Stellar’s scalability and sensibility, the network built one of the most accessible blockchains globally. The platform is built on two renowned technologies, Rust and WASM, and the technologies were chosen deliberately after conducting extensive research.

These technologies have been designed to operate in a diverse environment, like the internet and now blockchains. That is why Rust has become the standard programming language for mission-centric, efficient, and secure computation.

Using this, Soroban facilitates a CLI, SDK, and an operable environment. This is the first time that the Stellar Development Foundation has released a preview this early. Since the venture believes in an open-source approach, they allow users to follow the development process.

The community is already welcoming the platform, as seen with its preview. Thus, Soroban is expected to boost Stellar’s market portfolio certainly.