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   499

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

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.