Stellar Foundation Offers Lumen to All Bitcoin Users
Stellar Foundation to give away lumen crypto-tokens to all bitcoin holders in the coming months. It is good news for those bitcoin users with a streak of altruism in their blood. Stellar Foundation is giving away a significant number of lumen, the crypto-tokens used by Stellar protocol to bitcoin users. According to the latest announcement from the Stellar Foundation, 19 percent of the total lumens initially created will be distributed among bitcoin users, starting July 4, 2016. By giving away 19 billion lumens to the Bitcoin community, Stellar hopes to involve the bitcoin community....
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Stellar Protocol's Stellar Build Challenge encourages developers to build applications using the platform and win attractive Lumen rewards. As the Stellar ecosystem continues to grow, creators of the blockchain based financial platform have decided to further strengthen the codes by leveraging the power of the crowd. The Stellar Protocol has announced the launch of its Stellar Build Challenge where they encourage the developer community to build new products on the platform. According to Stellar’s recent release, the Stellar Build Challenge will be divided into four categories – Anchors,....
Decentralized payment network Stellar has announced the final round of its Bitcoin-Lumen Program, where Bitcoin holders can claim its lumen token for free. The program, which began in April 2016, features 19 percent of the total lumen supply, which developers reserved at launch exclusively for Bitcoin users. Of the 19 bln lumens on offer, only 3 bln formed the first round of the giveaway, with release details of the remaining 16 bln to be officially announced on March 28. The value of the remaining tokens is approximately $16 mln. “Bitcoin acted as a profound inspiration for Stellar, which....
Moneygram, one of the leaders in the cross-border payments and remittances market, has partnered with the Stellar Development Foundation to use the Stellar blockchain for settlements. The company will use the native version of USD coin (USDC), a popular stablecoin, to simplify and accelerate the process of sending remittances. This also means that Moneygram will act as a fiat on and off-ramp service for USD coin users.
Moneygram to Use Crypto for Remittances
Moneygram, a Dallas, Texas-based payments and remittances company, has announced a partnership with the Stellar Development....
The Stellar Foundation has released details about the new consensus protocol it hopes to deploy on the Stellar network as early as this summer. Founded on a concept called federated Byzantine agreement, the Stellar Consensus Protocol is intended to replace Stellar's existing consensus protocol, itself is based on the system used by competitor Ripple Labs. The Stellar team said in December that it was working to replace its existing protocol following network issues last September. The Stellar Foundation, the organization that oversees the development of the Stellar network, published the....
This project is an enigma. On the one hand, Stellar is not for profit, it doesn’t have owners or shareholders, and strives to be somewhat decentralized. On the other, Stellar is a compliance-focused protocol, and its directors often meet with shadowy organizations like the World Economic Forum. According to their website, the protocol seeks “to unlock the world’s economic potential by making money more fluid, markets more open, and people more empowered.” Fine, but, at what cost? Related Reading | Stellar To Power VISA’s New Partnership, XLM Begins Breakout According to the legend,....