Protocol 17 Improvements
A few times a year, we roll out a new version of the Stellar Protocol that includes new features designed to meet ecosystem needs. There's a lot of coordination and cooperation involved in protocol upgrades — in addition to validator assent, they require everyone building on Stellar to install new versions of Stellar Core, Horizon, and the Stellar SDKs — but they are worth the effort because they expand network capabilities and empower developers to build new and better products and services on Stellar.
Features introduced in recent protocol changes — fee bumps, claimable balances and sponsored reserves — allow apps and services to handle account lumen requirements, which makes it easier to design user-friendly experiences. Protocol 17 introduces a single new feature that opens up new possibilities for issuing regulated assets on the Stellar network...
Asset clawback is designed for businesses issuing regulated financial instruments, such as money market funds, bonds, and equities. To comply with securities regulatory requirements in many jurisdictions, these issuers — or their designated transfer agents — must demonstrate the ability to revoke assets in certain situations, and this new feature allows them to do that.
