Stellar to Implement Lightning Technology

Stellar has reported that it aims to solve the problem of scalability and improve speed, throughput and privacy by implementing the possibility Lightning payments 
24 March 2018   946

Lightning is a scaling solution for distributed payment networks, originally proposed for the Bitcoin blockchain. Lightning is designed to allow users to make off-chain payments and to support cross-protocol payments without having to trust any parties in between.

Stellar has reported that it aims to solve the problem of scalability and improve speed, throughput and privacy by implementing the possibility Lightning payments, which can be confirmed instantly, has negligible fees and doesn’t have to become public. Lightning should reportedly have a huge positive effect on Stellar’s long-term scalability and security.

stellar lightning timelineStellar Lightning Timeline

Stellar stated in an announcement that Stellar creator, Jed McCaleb, first explored Lightning back in 2015, and the new implementation still reflects the cleverness of his original plan, but with the necessary improvements to make Lightning right.

At the moment of press, these are main market parameters of Stellar:

Average price: $0,238653
Marketcap: $4 426 760 422
24h volume: $46 490 000

Coinbase to List Stellar

As reported, at first, the coin will not be available to residents of the UK and the state of New York
19 March 2019   176

Wallet and mobile applications (for iOS and Android) from leading American cryptocurrency company Coinbase now support Stellar Lumens digital asset (XLM).

Stellar’s cryptocurrency, the Stellar Lumen (XLM), powers the Stellar payment network. Stellar aims to connect banks, payment systems and individuals quickly and reliably. Since its launch in 2014, its vision has been to unite the world’s financial infrastructure so that money can flow quickly and cheaply between banks, businesses, and people. The Internet connected the world’s computers so that information could be shared globally. Stellar aims to do the same for money.
 

Coinbase Team

The new asset is available to Coinbase.com users from most jurisdictions. However, at first, the coin will not be available to residents of the UK and the state of New York.