Stellar Lumens News Today – Headlines for December 29

  • The SDF releases horizon v0.22.1 with protocol 12 support
  • Stellar’s achievements this year
  • The major partnership of Stellar this year

Stellar Lumens News Today – The digital currency and open-source payment system, Stellar Lumens (XLM), successfully released the new horizon v0.22.1 with protocol 12 support. As the year draws to a close, Stellar Lumens (XLM) is changing hands at $0.04657 and it is currently the 11th largest digital currency by market cap, with a market cap of $934.1 million.

At press time, the total number of XLM tokens in circulation is 20 billion from the maximum supply of 50 billion. The Stellar Development Foundation cut the total maximum emission to 50 billion by burning their 55 billion XLM token on November 5 this year. The burn of the tokens resulted in a growth of about 20 percent in the XLM price.

Stellar (XLM) Price Today – XLM / USD

NamePrice
bitcoin
Bitcoin
$42,161.00
stellar
Stellar
$0.253

The Achievements of Stellar So Far This Year

This year, the SDF released some vital updates for their platform. The first update from the Foundation was lightning on Stellar. It was a road and technical spec for the Stellar Development Foundation. After this update, the Foundation added SDK for the Stellar network. On May 9, the Foundation came up with ZkVM – a new design for confidential, fast smart contracts.

On May 15, the Foundation released a news ticker for the astronomical community. On May 30, the Stellar Development Foundation released protocol 11 support, which is a public network upgrade. Lastly, the Foundation came up with a major update for SDF and its city on October 10. They released the new horizon v0.22.1 with protocol 12 support, which converted into high capital growth for SDF. Prior to the update, the SDF released horizon v0.21.1, which added some more features to the blockchain network.

Stellar’s Major Partners of 2019

The partnership between Stellar and IBM is one of its most significant partnerships. On March 18, IBM announced the launch of world fire and the “limited production,” which was a worldwide payment system platform that connects various banks through the Stellar digital-asset network. In the announcement, the firm laid more emphasis on cross-border settlements.

Letter of intent to issue stablecoin, which six international banks signed, the major objective behind stablecoin, is to create cryptocurrencies that do not experience fluctuation in value, until now only two currencies are added in the world wire network: Stronghold USD and Stellar Lumens (XLM).

Stellar has achieved quite a lot this year. The blockchain network has secured many strategic partnerships this year and more partnerships are awaiting the network in 2020. Many analysts and crypto commentators believe that next year would be really bullish for Stellar as it has a lot to unfold.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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