Stellar has joined the Bytecode Alliance, an industry group focused on developing WebAssembly (Wasm), as announced on August 21. Wasm is a competitor to the Ethereum Virtual Machine (EVM) and is used in both blockchain and non-blockchain applications. Stellar chose Wasm as its computation engine due to its scalability and suitability for adversarial environments. By joining the Bytecode Alliance, Stellar aims to influence the development of Wasm and advocate for the needs of blockchain developers. This move further demonstrates the growing adoption of Wasm in the Web3 world, with other networks like Polkadot and Internet Computer also utilizing it.
