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The Stellar Lumens team announces Stellar Build Challenge for further platform development

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Stellar
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To the casual trader or crypto enthusiast, Stellar is not as exciting a cryptocurrency project as some of the big time players like Bitcoin, Ripple, and Ethereum. Stellar, after all, might seem to be shedding some of its gains made earlier last month. However, if the price movement for XLM is anything to go by, Stellar is actually performing well, perhaps even better especially when compared to Bitcoin.

Stellar Lumens currently sits at position 7 on CoinMarketCap with a market capitalization of about $5 billion. Compared to Bitcoin $100 billion, that’s a far cry, but the Stellar’s community has been growing stronger with initiatives that are community-centric and solutions-oriented.

The 7th edition of the Stellar Build Challenge

In fact, stellar has been fast-tracking the development of its platform with the announcement of the 7th Stellar Build Challenge that has made the XLM community excited about contributing to the project. The stellar team announced the event which has so far been held six times as a community-driven challenge set up by the Stellar Lumens team.

Goals of the challenge

The overall goals of the 7th edition of the Stellar Build Challenge are about enabling collaboration and building solutions. In fact, previous challenges have resulted to pretty important submissions such as the Senseo Stellar iOS SDK client library and the Horizon API (an exchange platform built by the community). Another important submission that even became a feature of Stellar’s platform as a result of the challenge is the Stellar support protocol for the Nano S ledger wallets.

Basically, the Stellar Build challenge has resulted in a variety of notable innovations and community-oriented solutions which is a great thing. The challenge allows participants to not only work hand in hand with the stellar team of developers but also enables the creation of open-source projects that make Stellar’s ecosystem better.

What it entails

For this edition, Stellar will be looking for developers who can work on expanding the project’s functionality, improve user experience and even enhance some of the features to mention but a few.  From next month, June 1st to be specific, participants will be able to submit their projects by announcing it on GalacticTalk.org. The form submission process will continue all the way until August 15th and winners will be announced on 30th the same month.

The awarding process will be based on merit and the judges will consist of developers from the Stellar Development Foundation. Jed McCaleb (the CTO of stellar) will make the final decision on the winners. With previous challenges, winners managed to walk away with thousands of XLM tokens in rewards. It will be exciting to see the Incentives for participation that will be included in this edition.  After all, participants will have an opportunity to collaborate directly with the Stellar team of developers, which is a good thing.

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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.

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Blogs

Reasons Why You Are Much Safer When Crypto Trading on Dexes

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DEXes
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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Blogs

Crypto Billionaire Predicts Massive Price Growth by 2021

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crypto billionaire
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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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TokenRoll
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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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