Stellar partners with Korean exchange GOPAX

The price of Stellar Lumens coin rose more than 50% after the announcement regarding Stellar partnership with a developing Korean exchange GOPAX
06 December 2017   1440

The previous week was quite successful for Stellar Lumens as the coin has shown a significant price jump increasing almost 120% and the market capitalization of the coin exceeded $1 billion, as we reported on December 2.

On December 6, Stellar, the open-source network that lets users build low-cost financial products for their community, has made an announcement about its partnership with new and developing cryptocurrency exchange GOPAX, based in Seoul, Korea.

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

  • Average price: $0.15
  • Marketcap: $2 767 764 423
  • 24h volume: $338 747 000

Previously, we reported that Korea is making plans to cancel the ban on ICO.

Stellar to Implement Lightning in 2018

Main goal of Lightning implementation is to solve the problem of scaling
20 March 2018   99

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.