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   1168

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

Wirex to Issue 26 Stablecoins on XLM Blockchain

Wirex chosen Stellar blockchain because company considers it safe, easily scalable and relatively inexpensive to use
25 April 2019   305

British online banking platform Wirex has announced the listing for the XLM token, as well as the release of 26 stablecoins on the Stellar blockchain, pegged to fiat currencies, including USD, EUR, GBP, HKD and SGD.

Prior to this, Wirex card supported eight digital assets and ten fiat currencies.

In addition, Wirex added the ability to instantly convert steablecoins to each other at over-the-counter rates.

As the company expects, new assets will be used for money transfers, issue and redemption of tokens, as well as for payments for services.

The choice of Wirex fell on the Stellar blockchain, as the company considers it safe, easily scalable and relatively inexpensive to use.

Last year Wirex became the third company in a row that received a license to provide services in the UK and Europe.