Stellar Nears 10M Accounts as Institutions Pile In: Could XLM Be Poised for a...
Stellar (XLM) is fast approaching a major milestone as the network closes in on 10 million accounts, fueled by a surge of institutional adoption. Current figures show 9.69 million active wallets, with an impressive 5,000-6,000 new addresses joining daily. Related Reading: XRP’s Biggest Doubter Just Dropped Close To $5 Price Bomb — Here’s Why This growth reflects more than retail speculation as it signals meaningful enterprise adoption in payments, tokenized deposits, and cross-border transactions. Unlike different hyped assets, Stellar has quietly built its reputation as a trusted....
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On December 5, Stellar Executive Director Joyce Kim disclosed news of a ledger fork related to a failure of their consensus system. The consensus system used by both Stellar and Ripple have never been used at the scale Stellar is implementing, and the system failed to reach consensus causing a fork in the ledger. Stellar has about 140,000 active accounts per week, and over 3 million total accounts. The maximum number of total accounts the Stellar consensus mechanism has previously supported is 2.88 million. “On Tuesday night, the nodes on the network began to disagree and caused a fork of....
Created with the purpose of proving more accessibility to financial services, the Stellar network, and its ecosystem continues to expand in that direction. Lumenswap, a decentralized exchange (DEX) running on top of Stellar, launched a new product poised to disrupt a sector worth billions while it gives people more financial opportunities. Recently, Lumenswap launched a […]
Stellar is announcing four new partnerships with financial institutions that will enable low cost global money transfers to the Philippines, India and Europe, and cross-border M-Pesa payments to and from Kenya, Ghana and Nigeria. Stellar is a Silicon Valley based nonprofit that supports the Stellar network, a free, open-source network designed to connect diverse financial systems and let anyone facilitate low cost financial services — payments, savings, loans, insurance — for their community. The organization claims that the Stellar network enables money to move directly between people,....
Via an official blog post, the Stellar Development Foundation (SDF) announced a new account model called Muxed. Created to remove friction and facilitate user interaction with the account model based on this network, and the multiple services build on top of it, the Muxed accounts seem to be an important improvement for the entire ecosystem. Related Reading | Stellar Network Processes 1.8 Billion Transactions, Was 2021 Its Best Year Ever? According to the post, a Muxed account is one that combines the GABC and 64-bit integer ID to create a “virtual” account under a traditional....
Stellar joins the ranks of Ethereum and Algorand. The Centre consortium announced on Thursday that USD Coin (USDC) will soon be available on the Stellar blockchain.This marks the first time that a major stablecoin will be made available on the platform, joining the ranks of Anchor USD, WhiteStandard and some others. USDC is currently the second largest stablecoin in the market behind Tether (USDT).Circle said that USDC is expected to be available on Stellar in Q1 2021. USDC is primarily hosted on Ethereum, which holds virtually the entirety of its supply at $2.7 billion. Algorand was....