Stellar to Implement Lightning in 2018

Main goal of Lightning implementation is to solve the problem of scaling
20 March 2018   659

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.

Blockchain to Airdrop $125M in Stellar

Wallet provider launches biggest airdrop in history
07 November 2018   130

The developers of Blockchain company are organizing the $ 125 million airdrop, largest in the history of cryptocurrencies. Together with Stellar, the company will present about half a billion XLM to Blockchain wallets users. It is reported by CoinDesk.

According to The Block,  the first batch of cryptocurrency will go to the wallets of users who leave applications on the site. For airdrop, 2.6% of all outstanding XLMs, or 0.47% of the total coin issue, are allocated.

In October, the Blockchain team announced that it plans to help cryptocurrency projects with airdrop campaigns for their users. XLM was the first cryptonome of the initiative.

According to Peter Smith, Blockchain's CEO, an “active and growing ecosystem” has formed around the XLM, and the Stellar network is “designed for large-scale use.” He added that this airdrop campaign aims to help users "test a reliable cryptoactive in a safe and easy way."