Stellar to Implement Lightning in 2018

Main goal of Lightning implementation is to solve the problem of scaling
20 March 2018   497

The developers of the Stellar project intend to implement the idea that co-founder and CTO Stellar Development Foundation Jeb McCaleb proposed back in 2015, namely - to implement the Lightning technology in the source code of the Stellar blockchain and solve the scaling problem. This is reported by CoinDesk.

Scalability is one of our primary focuses over the next year. Hype tends to exceed reality in blockchain space - visions are big. The thing is, the tech can't actually realize what people want today. We know if they used Stellar as much as they want to, Stellar would max out. Prior to these people using the platform, it needs to be ready. We want it to be more real.

Jed McCaleb

CTO, Stellar

Stellar plans to launch its own test version of Lightning in the test network before April 1, and the client for the main network - in the fall.

It is known that the project attracted bitcoin-developer Jeremy Rubin. The team also awaits feedback from community representatives.

Stellar to collaborate with Veridium, Environmental Firm

Environmental blockchain company Veridium Labs Ltd announced about the partnership with Stellar and plans to simplify the whole carbon footprint process
28 June 2018   254

Veridium created the world’s first environmental social impact token and is developing disruptive sustainability solutions for the Fortune 500 companies. Last month, the firm declared about its partnership with IBM, which planned to make the process of offsetting companies’ footprints easier.   

It was also approved by the source that Stellar’s distributed, open-source, and hybrid blockchain will let Veridium to “accurately track carbon credits in real time to mitigate the environmental impact of the goods and services being transacted”.

We are very excited about the momentum Veridium has had since our announced partnership with IBM. Our new collaboration with Stellar and the addition of our advisory board members are important steps in making a decentralized carbon credit industry a reality so we can truly bring about global environmental change.
Todd Lemons,
Chairman, Veridium

It is as well believed that once Veridium begins running on Stellar and IBM Hyperledger Fabric blockchains, the firm will be able to evaluate the whole carbon footprint process. It will measure and compensate footprints by converting carbon credits into tokenized assets that hence can be displayed and integrated into corporate accounting systems more easily. The total process of tokenization of assets is supposing to raise trust and integrity in the flow of information among trading partners and network users.