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Stellar XLM: price updates, latest developments, future events, community
- The primary task of global financial solutions is to bring business developers and consumers together to ensure easy business development.
- This Stellar Network, XLM, provides first-class blockchain services, revolving around borderless, unlimited, and powerful currency usage methods.
- Stellar FoundationIts goal is to “unleash the potential of the world economy by making currencies more liquid, markets more open, and people more empowered.” It is achieving its perfect roadmap for 2021.
- Stellar is a community network “owned by the public” on a decentralized and open network, with more features added, such as a community development fund.
Global finance has always been the center of blockchain and DeFi development. It has been focusing on the next step in the future: making global payments and other related services easier for users.
The easier it is to conduct transactions around the world, the more prosperous the enterprise and the faster the flow of capital. Stellar Network was developed to realize global digital payment and take it to the next step.
Jed McCaleb, co-founder and chief architect of Stellar, said: “The entire original design of Stellar is that you can make fiat currencies and other types of value forms run in parallel with each other and in parallel with crypto assets. This is useful for pushing these things into the mainstream. Very important.”
What is a star?
Stellar, XLM is an open network that can create and transmit digital representations of legal tender. Stellar connects financial institutions through the blockchain to provide users with cheap services.
The cost of each transaction is 0.00001 XLM, which is very affordable compared to other blockchain financial solutions. The setting of Stellar is similar because Stellar was originally on the Ripple Labs protocol, but the disagreement about the future of Stellar eventually led to a hard fork.
Using Stellar, users can create digital dollars and issue them to other users when they deposit traditional dollars, thereby establishing a 1:1 relationship. When the digital dollar is returned to the creator, the dollar is returned.
Recent developments and future events
Stellar has developed a complete system through its mechanism, even a small company can reach the height of an international bank.
Stellar plans to beat the network by improving its liquidity and will achieve this goal by exploring automated market makers and OTC liquidity solutions.
If Stellar’s automated market system is to succeed, it will be because of the utility behind it. Traders can use digital tokens to buy vehicles across borders, and users can also save a digital representation of another currency.
The development of the Stellar consensus protocol has made the network more stable. SCP is one step higher than Bitcoin’s proof-of-work system because it is more energy efficient, perfectly configurable, and faster.
on the other hand
- As an excellent blockchain payment solution, Stellar ranks high, but it has not yet received the long-awaited large-scale adoption #17.
- Due to Ripple Lab’s XRP, Stellar’s Lumen is in a difficult situation, and the situation will only get worse after Ripple’s case with the SEC is over.
community
Stellar is an open and fully decentralized network where users participate and receive rewards at all stages.
Stellar operates as a system for tracking ownership, without a centralized accountant, but more like an independent computer network, each checking and verifying the work of others.
Stellar users can also earn passive income by creating real fiat digital tokens and temporarily lending them to other users.
The Stellar Foundation is also using the Stellar Community Fund to develop the entire network and build a community. The market capitalization of Stellar is USD 5,559,014,751, the current supply is 23,293,340,382 XLM coins, and the maximum supply is 50,001,806,812 XLM coins.
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