Decentralized Finance (DeFI) Is Coming To Stellar Lumens (XLM)
AI Trading

An update from the Stellar Development ecosystem says that the Stellar Core v13.0.0rc3 version is now available for testing. It’s also learned that XLM mainnet has Surpassed 1 billion operations, since its launch in 2015.

Stellar (XLM), the distributed ledger (DLT) project aims at developing a decentralized platform to connect banks, payment systems, and people, in order to make the movement of money secure, rapid, and cost-efficient.

About the Newly Released Stellar Core v.13.0.0rc3

According to the blog post shared by the cryptographic project, Stellar Core v.13.0.0rc3 is now live for testing. The new version comes with a lot of changes, such as the support for the highly-anticipated Protocol 13. The new version promises the implementation of some functional changes, which include CAP-0015, CAP-0018, CAP-0027, CAP-0028, and CAP-0030.

Moreover, the report also shared that in preparation for the vote to upgrade the network, which is estimated to hold in a little more than a month’s time, a new version that is capable of supporting protocol 13 implementation will be released by Horizon and every Stellar SDK.

AI Trading

New Milestone Attained Within Stellar Ecosystem

In other news, a milestone within the Stellar ecosystem has seemingly gone unnoticed as reported by OrbitLens, the Stellar (XLM) ledger insights, analytics, smart contracts, and protocols.

According to the report, Stellar mainnet has processed 1,015,345,121 operations since its launch in September 2015.

OrbitLens shared this, “This event has passed largely unnoticed, but I think we should really celebrate this. Stellar mainnet processed 𝟏 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 operations (1,015,345,121 at the time of writing) since its launch in Sep 2015.”

Stellar Ecosystem Proposal

A new discussion was recently raised within the Stellar community. It’s about a new proposal, titled “Stellar Ecosystem Proposal: SEP-30 Recoversigner: multi-party key management of Stellar accounts”.

Importantly, this Sep is meant to enable users to regain access to their Stellar account after losing their private keys.

A part of the announcement reads thus:

“Using this protocol, the user or wallet will preregister the account and a phone number or email with two or more servers implementing the SEP, and it will add those servers as signers of the account. No individual server will have control of the account, but collectively, they can help the individual recover access to the account. It’s essentially a standard for a robust multi-signature implementation.”

AI Trading produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.