Coin of the Week  – Stellar

  • Post by:
  • May 28, 2020
  • Comments off

28 May 2020.

Our next coin of the week is Stellar.  

Stellar has underperformed BTC by -1.91% corrected by -3.27% against the US Dollar this week.

  • Trading volume (last 24hrs): $ 13,266,052
  • Transaction Volume (Adjusted 7 day average): $ 5.86 Million
  • Active Addresses (7 day average): 62,900

Stellar is working to make it possible to create, send and trade digital representations of all forms of money from dollars, pesos, to bitcoin and many others. Stellar is designed to make the worlds financial systems work together on a single network.

The Stellar networks next major upgrade is on it’s way more info can be found here. We’ve provided a brief summary of the updates new features below.

This upgrade will introduce three new features. 1. Fee bumps, 2. Fine-grained control of asset authorization and 3. First-class multiplexed accounts.

  1. Fee bumps

This will allow users to pay the fee for an existing transaction without having to manage sequence numbers or re-sign existing transactions.

This useful when:

  • Apps need to cover user fees
  • Pre-signed transactions need fee increases
  • Validators need to increase fees

  1. Fine-grained control of asset authorization

This aims to make it easier to tokenize regulated assets like securities.

  1. First-class multiplexed accounts

This introduces a new type of account address with a built-in 64-bit memo. It is useful for exchanges or custodial services. These new account addresses enable multiplexed accounts or “muxed accounts” which allow custodial services to give each user their own account ID that routes to an underlying exchange Stellar address.

If you’d like to learn more about Stellar visit Kintaro Capital and download the Stellar Report

Join the Community

Learn more about Konfidio and how we’re accelerating the adoption of disruptive technologies to build a more decentralized future.