• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Altcoin News / Stellar Community confident of resurgence in 2020 as new updates launch
Black Horse

Stellar Community confident of resurgence in 2020 as new updates launch

December 26, 2019 by Akash Anand

Bitcoin may have stolen the limelight in the cryptocurrency space over the past few weeks but at the same time, altcoins have been conducting their own developments. Stellar Lumens, which had made news earlier with collaborations and coin burns recently revealed that they had conducted important updates to the XLM ecosystem. This comes in the wake of Stellar’s renewed mission to connect banks, payments systems and people with each other by moving capital quickly and reliably.

According to the official blog from the Stellar Foundation, the organization had kick-started its voting phase for the Stellar Community Round 3. After the voting, 8 projects will be selected from the total project pool and be given 3 million XLM tokens in total.  The initial release about the voting stated:

 

” This round began October 12 and will run until January 1, 2020. Nomination voting will begin on December 16. YOU MUST SUBMIT YOUR PROPOSAL BY DECEMBER 14 @ 12:00PM PST (Proposals submitted after this date will not be included in the nomination round). Final Voting will take place on https://stellarcommunity.fund starting on December 27th.”

Developers on the Stellar ecosystem also conducted Core Advancements Proposals [CAP] to document proposed standards aimed to improve various aspects of the Stellar Network. These updates resonate on the same level as the updates conducted on the Bitcoin and Ethereum ecosystems. The Bitcoin Improvement Proposals and the Ethereum Improvement Proposals on GitHub are code repositories built to make BTC and ETH more powerful.

The Stellar Foundation further discussed the proposal of adding protocol-level multiplex accounts to its fold. These accounts target users who forget memo IDs and in turn, result in massive support costs. If the proposal passes, all sources and destinations of payments in the XLM ecosystem will be replaced with a MuxedAccount type. The Stellar Foundation’s focus on the new accounts has been evidenced from its focus to get feedback from various players in the space such as Coinqvest, Lobstr and Stellarport. Stellar Development Foundation [SDF] chief scientist David Mazieres even added:

 

“The question on the table is whether we should accept CAP-0027, which already has an implementation.”

Denelle Dixon, the CEO of the Foundation has called 2020 as the year where XLM will break into the mainstream forefront. Dixon touched upon the fact that recently there has been a 73 percent increase in the number of Stellar accounts, which was a 5 fold increase in Tier 1 validators.

Filed Under: Altcoin News Tagged With: Stellar (XLM)

Primary Sidebar

Recent Posts

  • Cardano (ADA) Surge: Sharks & Whales Fuel 65% Price Hike In 2023 February 5, 2023
  • Optimism Overtakes Solana In the Crypto Market: The Battle for Supremacy February 5, 2023
  • Shiba Inu’s BONE Rises By 22% Along With New Listing February 5, 2023
  • Whale Alert: Mysterious Bitcoin Transfer Swells Wallet By $313M February 5, 2023
  • Here’s how Ripple CTO Congratulated Elon Musk Over His Victory February 4, 2023

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2023 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.