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The Future Plans of Stellar (XLM) For 2018

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Stellar

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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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