Stellar Lumens: Monthly ecosystem updates and developments

Stellar team has posted a monthly round up on Aug 6th which includes ecosystem updates, community articles and Stellar Developers updates.

Ecosystem Updates:

 Stellar is the first distributed ledger technology to receive Sharia Certification for its payments and asset tokenisation on Jul 17th 2018.

Stellar’s official account tweeted:

“Stellar is the first distributed ledger protocol to receive Sharia compliance certification in the money transfer and asset tokenization space.”

Shariayah Review Bureau (SRB)., a leading international Sharia advisory agency licensed by the Central Bank of Bahrain has reviewed Stellar network and has promulgated guidelines that enable Sharia compliant applications of Stellar technology in Islamic financial institutions.

On Jul 31st Sharespost, a leading liquidity and private capital market research has announced a partnerships with with Lightyear.io, a software company that develops application and infrastructure for Stellar Lumen to implement decentralized exchange as Second exchange node for global security token network.

Greg Brogger, Founder and CEO of SharesPost, said: “Lightyear and Stellar will be key partners for SharesPost as we gear up for the launch of Global Liquidity and Settlement Sysyem (GLASS).With their support and expertise, we will add high quality assets to the GLASS network and be one step closer to a global system for trading security tokens and tokenized assets.”  

Stellar has partnered with TransferTo which operates cross-border mobile payments for emerging markets on Jul 31st 2018 to bolster international money transfers. Both Stellar.org and TransferTo will benefit with combined network coverage of more than 70 countries. 

The new features have been added and more yet to come in the StellarExperts services.

Blackdaemon is a service platform that empowers business to simply and efficiently manage blockchain applications has announced support for Stellar with their Node Deployment and Management service.

Community Updates:

Boosting TPS using Stellar Channels

Stellar is fast compared to other public networks. Other public networks takes minutes or hours for clearing the ledger but Stellar takes average 5 seconds. But if more than transaction was sent they have faced problem. To avoid this Stellar has introduced Channel design pattern which consists of temporary accounts known as proxies that operates on behalf of primary account.

Dala, an ERC-20 token on the Ethereum blockchain due to its support of smart contract development and robust developer network. Due to scalability and low cost micropayments problem in Ethereum Dala ecosystem will expand to Stellar blockchain.  

Creating smart contracts for ICO in Stellar is best and easy method to create smart contract. The main reason to choose Stellar because of its Simplified smart contract.

Technical:

The pair has shown a minor jump of more than 7% from the low on account of rising Bitcoin prices. The near term resistance is around $0.2689 (daily Kijun-Sen) and any break above targets $0.2850 (20- day MA)/$0.3100 (200- day MA).

On the lower side, major support is around $0.200 and any violation below targets $0.17/$0.1400.

It is good to buy on dips around $0.2300 with SL around$0.20 for the TP of $0.3100.