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Stellar Lumens (XLM)

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DB008

DB008

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I think this coin has tremendous potential for the future

It has had a dramatic rise from about 0.03 to the $0.50 - $1 range the last 6 months.

Stellar Lumens was originally a fork from Ripple, then rebuilt from the ground up.

Cheap to send (fractions of a penny) and quick too (2 - 5 seconds)




Jed McCaleb
​
Jed McCaleb is the CTO and cofounder of Stellar.org, where he leads technical development.


Background
​
Jed believes in consciously leveraging technology to reduce inefficiency and improve the human condition. He created eDonkey, one of the largest file-sharing networks of its time, as well as Mt. Gox, the first Bitcoin exchange and in 2011, Ripple. Recognizing that the world’s financial infrastructure is broken and that too many people are left without resources, he cofounded Stellar Development Foundation in 2014. Jed is also an advisor to MIRI, which researches artificial intelligence for positive impact.




Stellar Fees​

There is a nominal fee, referred to as a base fee, associated with each operation in a transaction. The sender of the transaction incurs the fee.

The fee functions as a deterrent: Though nominal, it discourages users with malicious intentions from flooding the network (otherwise known as a DoS attack).

The base fee is currently set to .00001 XLM. The fee will increase if the system suspects an account is submitting transactions with the malicious intent to bring down the network.

No one profits from the base fee. The ledger collects those funds and redistributes them in the process of inflation (see the next question, below).

XLM also had Ledger Nano S integration - with inflation too. This is a very handy feature. Very easy to set up. Think of it as dividends paid out weekly (Tuesday Australia time).


Inflation​

The Stellar network has a built-in, fixed inflation mechanism. New lumens are added to the network at the rate of 1% each year. The network also collects a base fee for each operation in a transaction. The funds from base fees are added to the inflation pool.

As a balancing measure for the ecosystem, anyone who holds lumens can vote on where the funds in this pool go. Each week, the protocol distributes these lumens to any account that gets over .05% of the votes from other accounts on the network.





Lumenaut - Community Pool​

100% payout, zero fees

By the community, for the community

https://lumenaut.net/​
 
DB008 said:
XLM also had Ledger Nano S integration - with inflation too. This is a very handy feature. Very easy to set up. Think of it as dividends paid out weekly (Tuesday Australia time).
Click to expand...

Typo there.

It "has" Ledger Nano S integration and you can earn inflation to your account. It's a very easy process to set up and pays out weekly Monday USA time.
 
Coinspot is the easiest way, but they are expensive

Another method is to set up an account with BTC Markets and Binance
Buy Ethereum on BTC Markets, send it to Binance and trade on Binance

Binance has a larger selection of Alt coins and better pricing than Coinspot
 
@DB008, have you had any bad experiences dealing with os exchanges like binance?

I have minimal verification accounts setup with binance, kraken, etc...but feel more comfortable playing in my own backyard.

Have you dealt with coinspot? Do they allow you to trade crypto for crypto with basic verification? Can you then either move crypto or even fiat out of their exchange? Or does the above have to be done after you've provided them your mugshot?
 
DB008 said:
Coinspot is the easiest way, but they are expensive

Another method is to set up an account with BTC Markets and Binance
Buy Ethereum on BTC Markets, send it to Binance and trade on Binance

Binance has a larger selection of Alt coins and better pricing than Coinspot
Click to expand...

Thanks DB008.
 
trading_rookie said:
@DB008, have you had any bad experiences dealing with os exchanges like binance?

I have minimal verification accounts setup with binance, kraken, etc...but feel more comfortable playing in my own backyard.

Have you dealt with coinspot? Do they allow you to trade crypto for crypto with basic verification? Can you then either move crypto or even fiat out of their exchange? Or does the above have to be done after you've provided them your mugshot?
Click to expand...

Hey trading_rookie, see my post above # 4

A problem with Coinspot (at the moment) is that you can only sell in $5,000 lots. So, lets say you purchase $2k of something and in a few months its up to $20k. To sell it, for cash/fiat or trade to another crypto, you have to sell that $20k in 4 lots ($5 x 4 lots).

I do use Binance. The verification process was fairly simple. Took 2 goes at it for some reason to get verified.
The only issue with Binance is 'dust'. This is where you sell something and there still remains some tiny tiny amount that didn't go through in the order. Binance have said that they do this on purpose because it allows them to offer faster trading. So, your left with 'dust' which is 0.00000434 of XYZ coin (example coin).

I try not to keep anything on the exchanges as they either get hacked or go belly up. Bitgrail is the latest one. Purchase said crypto and move it to a hardware wallet ASAP. I'm not trading, l'm just holding onto my crypto for long term.
 
An in-depth look at Stellar with David Mazières - chief scientist at Stellar.



​
 
StellarX has been announced - this will be their SDEX (Decentralised Exchange) that Stellar.org alluded to earlier this year.


Introducing StellarX, a user-friendly, peer-to-peer marketplace. We’re free, fast, and list every asset class imaginable. Crypto, fiat, bonds, commodities, and more.

StellarX will be open to the public this summer.​


Stellar and Tempo

Stellar Lumens has been utilised by Tempo to be the base cryptocurrency for a new global payment platform purported to be the largest in the world for crypto-fiat exchanging.

Utilising Stellar as its base currency, Tempo seeks to become the world’s largest crypto payment network by simplifying the exchange process from crypto to fiat. To accomplish their lofty goal, Tempo will be using the Stellar Decentralised Exchange (DEX) for liquidity purposes.

The goal of Tempo, like most payment networks, is to offer ease and affordability to merchant and customers seeking to deal in crypto to fiat transactions.


Stronghold

The Stronghold exchange announced their partnership with IBM to offer the network’s first official, venture-backed USD anchor. Institutional investors will be able to exchange US dollars for Stellar Lumens (XLM) and any other asset listed on the Stellar network, through the stronghold platform.
The ‘Stronghold USD’ token is asset-backed (at one-to-one U.S. dollars per coin) with reserves held by a state-chartered trust company (Prime Trust will be acting as the custodian for USD accounts). Stronghold, which recently raised seed funding from Freestyle Capital, will use Stellar’s blockchain protocol to issue and transact Stronghold USD while providing access to liquidity through its institutional exchange services and the custodial relationship with its partnered trust company.

 
IBM Blockchain World Wire
​
IBM Blockchain World Wire, the new financial rail that can simultaneously clear and settle cross-border payments in near real-time. Integrating with your existing payment systems, you can replace costly opacity with affordable transparency – and that can bring greater financial opportunity to all.
  • IBM runs over 60% of the world’s transactional systems.
  • 97% of the world’s largest banks are IBM clients
  • 90% of global credit card transactions are processed on IBM mainframes





IBM Introduces 'World Wire' Payment System
on Stellar Network

IBM_Stellar.original.jpg
​

IBM has launched a blockchain-based payment system called Blockchain World Wire. According to IBM, the new payment network uses digital currency on Stellar's blockchain to "clear and settle cross-border payments" in near real time.

The Stellar network is a distributed, blockchain-based ledger that facilitates cross-asset transfers of value. Like Ripple, Stellar can handle exchanges between fiat-based currencies and digital assets. Using this protocol, IBM wants to make it possible for financial institutions to move money quickly and reliably, while cutting off intermediaries and complexities associated with traditional international payment systems.

Speaking with Bitcoin Magazine, Jed McCaleb, co-founder of the Stellar Development Foundation, said, “IBM's implementation of the Stellar protocol has the potential to change the way money is moved around the world, helping to drastically improve international transactions and advancing financial inclusion in developing nations."

To use the new payment system, two financial institutions have to agree on the currency — a stablecoin or any digital asset — to be used as a bridge asset between any two fiat currencies. The companies will use their existing payment system, connected to World Wire's API, to convert the first fiat into a digital asset. World Wire will then convert the digital asset into the second fiat currency simultaneously, completing the transaction. The details of the transactions will be recorded "onto an immutable blockchain for clearing."

Earlier this year, IBM partnered with Stronghold to create the Stellar network's first U.S. dollar-pegged stablecoin called “Stronghold USD.”

At the time, IBM's Vice President of Global Blockchain Jesse Lund had said, “IBM will explore use cases with business networks that we have developed, as a user of the token. We see this as a way of bringing financial settlement into the transactional business network that we have been building.”

IBM's latest moves provide competition for Ripple's products aimed at institutional clients, such as the xCurrent and xRapid. However, there are concerns about Ripple's appeal to financial institutions due to low scalability and privacy problems.​

 
Introducing Interstellar

Chain and Lightyear have joined forces to create a new company
that will make building and operating on Stellar even easier.

https://interstellar.com/​



Announcing Interstellar

Lightyear has acquired Chain and is now called Interstellar​

Chain Merges with Lightyear, Goes All-In on Stellar

Combined company, to be called Interstellar, will help organizations build on the Stellar Network; Stellar Development Foundation to remain independent

SAN FRANCISCO, September 10, 2018 — Chain, Inc. (“Chain”) today announced it has been acquired by Lightyear Corporation (“Lightyear”), a Stellar-focused commercial entity formed last year with the support of the Stellar Development Foundation. The Chain and Lightyear brands will be retired and the combined company will be re-named to Interstellar.

The merger brings Chain’s enterprise products and customer base to Stellar’s global public ledger, creating an end-to-end solution that will enable organizations to issue, exchange, and manage assets on a highly-scalable public network. Chain’s cloud ledger service, Sequence, will allow organizations to easily track assets as they move between private ledgers and the Stellar network.


Key facts:
  • Adam Ludwin, who is Chain’s CEO, will be Interstellar’s CEO
  • Jed McCaleb, who co-founded the Stellar Development Foundation and Lightyear, will be CTO of Interstellar
  • The Stellar Development Foundation, which develops the Stellar protocol and supports the open source community, remains independent

“Chain’s team has led the market for enterprise adoption of blockchain technology, which is a critical component of building a future where money and digital assets move over open protocols,” said Jed McCaleb. “We are thrilled to be joining forces to help organizations build on Stellar.”

“Chain has admired Stellar for years, and from day one we’ve shared their goal of enabling financial assets to move seamlessly over the internet,” said Adam Ludwin. “Chain has worked from inside the enterprise while Stellar has focused on the network between organizations. As a single team we will have a complete view and set of capabilities to make value-over-IP a reality.”

Interstellar’s product portfolio will also include StellarX, a recently announced marketplace for trading assets on Stellar. StellarX is currently in beta and will be launching to the public soon.

At close, Interstellar will employ 60 people, with its headquarters in San Francisco and offices in New York City and Singapore.

 
Stellar is changing logo and will also be introducing a new format on their website, possibly all of Stellar.org will be redone to a new scheme.


Screen Shot 2019-03-12 at 10.40.27 am.png
​
 
DB008 said:

I think this coin has tremendous potential for the future

It has had a dramatic rise from about 0.03 to the $0.50 - $1 range the last 6 months.

Stellar Lumens was originally a fork from Ripple, then rebuilt from the ground up.

Cheap to send (fractions of a penny) and quick too (2 - 5 seconds)




Jed McCaleb
​
Jed McCaleb is the CTO and cofounder of Stellar.org, where he leads technical development.


Background
​
Jed believes in consciously leveraging technology to reduce inefficiency and improve the human condition. He created eDonkey, one of the largest file-sharing networks of its time, as well as Mt. Gox, the first Bitcoin exchange and in 2011, Ripple. Recognizing that the world’s financial infrastructure is broken and that too many people are left without resources, he cofounded Stellar Development Foundation in 2014. Jed is also an advisor to MIRI, which researches artificial intelligence for positive impact.




Stellar Fees​

There is a nominal fee, referred to as a base fee, associated with each operation in a transaction. The sender of the transaction incurs the fee.

The fee functions as a deterrent: Though nominal, it discourages users with malicious intentions from flooding the network (otherwise known as a DoS attack).

The base fee is currently set to .00001 XLM. The fee will increase if the system suspects an account is submitting transactions with the malicious intent to bring down the network.

No one profits from the base fee. The ledger collects those funds and redistributes them in the process of inflation (see the next question, below).

XLM also had Ledger Nano S integration - with inflation too. This is a very handy feature. Very easy to set up. Think of it as dividends paid out weekly (Tuesday Australia time).


Inflation​

The Stellar network has a built-in, fixed inflation mechanism. New lumens are added to the network at the rate of 1% each year. The network also collects a base fee for each operation in a transaction. The funds from base fees are added to the inflation pool.

As a balancing measure for the ecosystem, anyone who holds lumens can vote on where the funds in this pool go. Each week, the protocol distributes these lumens to any account that gets over .05% of the votes from other accounts on the network.





Lumenaut - Community Pool​

100% payout, zero fees

By the community, for the community

https://lumenaut.net/​
Click to expand...

Well!! Did you know? Stellar is one of the leading altcoin in the crypto market as a lot of people are looking for the best opportunity to invest in stellar. according to crypto experts stellar price prediction the price will rise high in the year 2020
https://coinpedia.org/information/stellar-price-prediction/
 
Ukrainian Ministry of Digital Transformation to develop virtual assets and to facilitate CBDC infrastructure with the Stellar Development Foundation​



SAN FRANCISCO, January 4, 2021 — On December 28, the Ministry of Digital Transformation of Ukraine and the Stellar Development Foundation (SDF) signed a Memorandum of Understanding and Cooperation, within which they will work on the development of a strategy for virtual assets in Ukraine.​
​
​
Under the Memorandum, the Ministry of Digital Transformation and SDF will work to develop a modern virtual asset market infrastructure and enhance Ukraine's status as an innovative digital country in the financial market in Eastern Europe.​
​
​
“The Ministry of Digital Transformation is working on creating the legal environment for the development of virtual assets in Ukraine. We believe our cooperation with the Stellar Development Foundation will contribute to development of the virtual asset industry and its integration into the global financial ecosystem,” said Oleksandr Bornyakov, Deputy Minister of Digital Transformation for IT Development. “Another important aspect of this cooperation is contributing to the development of the infrastructure for a Ukrainian national digital currency. Most of the world's leading countries are developing their own national digital currencies. The National Bank of Ukraine has been researching the possibility of CBDC implementation since 2017. It demonstrates Ukraine's movement towards one of major financial trends. At the Ministry, we aspire to ensure our country's adaptation to technological innovations and competitiveness in the financial market in Eastern Europe.”​
​
The memorandum outlines the core focus of the partnership as follows:​
​
  • cooperation on the development of the virtual assets market in Ukraine;
    • provision of support to projects related to virtual assets;
    • implementation and regulation of stablecoin circulation in Ukraine; and,
    • facilitation of the development of the digital currency of the Central Bank in Ukraine.
​
“We believe digital assets and national digital currencies are one of the most important innovations of our lifetimes and we are excited to play a role in the creation of Ukraine’s digital asset infrastructure,” said Denelle Dixon, CEO and Executive Director, Stellar Development Foundation. “Through the leadership of the Ministry, Ukraine has demonstrated its commitment to fostering an environment of innovation for the digital economy. We look forward to working with the Ministry and other stakeholders to digitize the hryvnia, to bring Stellar-based tools and services to the people and businesses of Ukraine, and to introduce new partnership opportunities in Ukraine to businesses in the Stellar ecosystem.”​
​
​
Stellar Development Foundation will officially launch its activity with Ukraine in January 2021.​


 

Starlight: A Layer 2 Payment Channel Protocol for Stellar​


Stellar has scaled well since the network’s launch in 2014 while maintaining fast and safe finality guarantees. However, at SDF, we’re building for a future where everybody around the globe has equitable access to financial services. We’re targeting a scale that goes beyond what blockchain has demonstrated is possible today while maintaining fast and safe finality.​
​
To that end, we’re exploring Layer 2 solutions. We’re taking a look at solutions the blockchain industry has proven to work and are well-suited to enterprises who might build on Stellar. This led us to experiment with payment channels on Stellar. Payment channels are a category of Layer 2 protocols supporting fast payments between two participants, and we’ve demonstrated that we can also use them for high-throughput payments – 1+ million payments per second – between two users.‍​
​
Starlight is a Layer 2 protocol that defines a bi-directional half-duplex payment channel. At SDF, we’ve evolved the concepts in the previous version of Starlight (prototyped by Interstellar) to make use of new capabilities introduced by recent protocol upgrades (CAP-15, CAP-33) as well as new proposals in review (CAP-21, CAP-40).​
​
We’ve measured Starlight producing 38 payments per second unbuffered and 1.19 million payments per second buffered in 12 agreements per second. This was observed between two participants connected over the internet using consumer hardware and residential internet services, when those payments are flowing consistently in one direction.​


 
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