Stellar is getting recognition by a few players in the digital space, a recent comment by a founder of Reddit stated that the subreddit on Stellar is certainly “worth a follow in the year of 2018.” The co-founder of Reddit has not held back on his comments on the industry of cryptocurrencies and has expressed interest in the supercomputing project put forth by leaders of Golem; he’s also stayed up to date on the growth of Ethereum as cryptocurrencies experienced their boom in 2017.
What does he see in Stellar?
Well, it could be their relationship with IBM, it could be that one of the founders was on the original team at Ripple, it could be that they are seeking to serve impoverished nations, or it could be the fact that FairX, a decentralized exchange might be utilizing Stellar for several purposes in its exchange. FairX has stated that they will be heavily using stellar on their platform.
It seems that there might be an uptick in projects and companies who seek to utilize Stellar to host their tokens and their ICO’s. A recent example of a company who has utilized the Stellar network is Mobius; the company allowed several coins to be traded in for their Mobius tokens in their pre-sale. Their pre-sale was able to bring in $30,000,000 and was structured mostly as an invite-only offering. For their public sale, they will be only allowing users to exchange Stellar for their tokens.
They are building their developer community in various ways, one it way is seeking to do so is through the development of their version of Stack Exchange solely for the stellar lumens network.
Why is this important? Well, to continue to have a secure network and to have progress, strong developers are needed, the better the development community and the better the commitment, the longer a project can last and the further it can go.
The token has transaction speeds of 3-5 seconds, has non-profit as it’s governance, has quick transaction speeds of 3-5 seconds, has minimal costs in transference (.00001), is energy efficient and accepts multiple assets.
The company has also rolled out their roadmap as promised and they note that they have seen significant growth since 2017.
They will be working on SDEX, better ecosystem support, implementing the Lightning Network, and doubling down on decentralization and hardening.
A little more detail on SDEX is that it will be the world-class front-end that our underlying technology has long deserved. It will enable on-chain, protocol-level trades for any Stellar token, and we will create liquidity to minimize spreads and maximize choice of assets.
In regards to the Lightning Network implementation, the company states.
“We’ve noted the market demand for more private channel transactions on Stellar, and we will integrate Lightning in 2018.”
They continue with:
“Lightning will have a huge positive effect on Stellar’s long-term scalability and security.”
The organization seems to be focused on a couple of projects so as not to overburdened.
Overall, it seems that Stellar seems to be poised for further growth this year.Follow us on Social Media: