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The Future Plans of Stellar (XLM) For 2018

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Stellar
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Despite the fact that that crypto enthusiasts and investors have been keeping tabs on the cryptomarket, their interest might be dwindling owing to the turbulence in the market. The ups and downs have become a common trend in the cryptomarket which is why crypto-enthusiasts oscillate between being optimistic and being hesitant. Coinranking has reported that after weeks of slump being observed in the crypto market, March 31st paved the way for a positive trend in the market. This brought hope among investors that the situation in the crypto market was heading towards a positive and stable direction. As per the data from Coinranking, after reaching the most bottom position, the top ten altcoins have started seeing a reversing trend. Stellar is a cryptocurrency that is expected to perform very well in 2018.

According to the official website of Stellar, it is a decentralized network that is capable of connecting payment procedures, banking systems, and customers. The integration is done in a way that would enable the digital transaction of money in a swifter and more reliable way as well as ensure negligible transaction costs. Founded in 2014, the development team behind Stellar is focused on eradicating poverty and maximizing potential of every individual. The blockchain technology which comes at a very low cost makes use of its currency called lumens for various charitable causes. Stellar also plans to give away 95% of the total stock of its currency.

Stellar’s roadmap for 2018:

Stellar has set its focus on the following agenda for the year 2018.

Mission 1: SDEX: The Stellar decentralized exchange

By the end of the year 2017, a team of experienced experts was recruited to design a front-end for Stellar’s intrinsic decentralized exchange. The project is called SDEX and internal prototypes are under construction. SDEX will be the state-of-the-art front-end that will result in a product of the fundamental technology. SDEX will aid protocol-level, on-chain transactions for any Stellar coin and the application will create liquidity to broaden the choice of assets and reduce the spreads. Some specific features of SDEX are the following:

  • First day trading for any Stellar ICO token
  • Minute pathfinding to come across the least expensive rates between any two assets
  • Very low transaction fees
  • The end-user authority of secret keys

In order to make sure that SDEX can successfully keep up in competition with other significant exchanges, the team behind Stellar plans to elevate the number of market-makers and anchors on Stellar’s network. The exchange will be used to stimulate the team’s vision of dealing with more real-world assets on the blockchain network of Stellar. More and more ICOs are coming to Stellar because of its low transaction rates, high transaction speeds, and scalability. Stellar’s team is committed to incorporating a large range of financial tools on the network. SDEX will be the first of a kind exchange for all Stellar tokens and the team envisions a future where several virtual assets, oil futures and carbon credits will be transacted together at cheap and quick rates.

Secondary product goal: Better support for ecosystem

The productivity of the platforms depends largely on the usefulness of the tools designed and being used in it. Stellar needs a team of a knowledgeable and expert community of application developers and investors in order to emerge as an international financial protocol. In respect to this, some of the goals of Stellar for 2018 are the following:

  • Improved brand marketing
  • Implementation of more walk-throughs to enable people to trade conveniently
  • Higher quality of technical certification including release notes
  • Persistent upgradation of horizon API and surrounding SDKs

The team of Stellar plans to keep on awarding lumens via the Stellar Build Challenge to individuals and business organizations that make contributions to the ecosystem of Stellar.

Mission 2: Integration of Lightning Network

One of the strongest points of the Stellar story is the innovation of technology. The team has taken note of the market-generated demand for more privately-enabled transactions on the Stellar network. Hence, the integration of the lightning network is an agenda for 2018. The lightning network will have a significant beneficial impact on Stellar’s long-term security and scalability. There has been awareness regarding lightning’s capability for improving Stellar’s potential for a long time. Its optimized implementation is on the cards for Stellar in 2018.

Other Goals:

The following are the tech objectives associated with this mission:

  • Hardening: While upgradations are implemented improving the performance of Stellar, it is crucial to ensure that the blockchain network remains robust and secure. Hence the team plans to reduce the surface of attack at the protocol level by integrating invariant support (the checks will be consistently conducted by the validator).These checks will alleviate the effect of bugs on the ledger state.
  • Decentralisation: The team behind Stellar is focused on easing the process of running a full validator. In order to ensure the maximum decentralization of the Stellar network, the overhead of running nodes must be maintained at a minimum level. By rendering the nodes steadfast and self-supporting, the node operators can invest their time into other activities. The future plan is to make enhancements which would enable the supervision of the health of Stellar’s blockchain network and the way data is transacted through nodes. For this, some statistical data of peer-to-peer code will be reviewed by the team.

We will be updating our subscribers as soon as we know more. For the latest on XLM, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Dragan via Flickr

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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