- The next test network reset for Stellar Lumens is set for January 29
- Stellar Lumens is pushing for adoption for new participants
- Stellar Lumen’s price is $0.063801 at press time
Stellar Lumens News Today – the Stellar network continues to maintain its position as an attractive network for a vast number of reasons. The Network has continued to connect financial institutions with its FBA (federated Byzantine agreement) algorithm to facilitate quicker transactions for users. The network has now revealed the new date for its next network test reset. The information was passed via a Twitter post. The network tweeted that the date for the next test network reset will be January 29, 2020.
Reminder: The next #Stellar test network reset will be on Wednesday, January 29, 2020 at 0900 UTC.
— Stellar (@StellarOrg) January 22, 2020
Stellar Lumens team provided detailed information into recovery from its Testnet reset. Every move or action is very direct and simple. A new phase has been included to the homepage and it details the runnable code samples. This is what demonstrates the feature of the Stellar Network.
Stellar (XLM) Price Today – XLM / USD
Stellar Lumens XLM Wallets
The network reportedly assists in storing and using XLM with Hardware Wallets. An example is Ledger Nano S. Stellar uses it with the offline private key to connect with multiple web and desktop apps. The Trezor wallet is an alternative to the Ledger Nano S. Meanwhile downloadable wallets like Keybase, Lobstr, and Solar Wallet, help to store private keys on the app (mobile device or desktop computer). Coinbase offers web wallets that can help investors check their account balance and round up their transactions.
Stellar Lumens is Promoting New Participants
The Stellar Development Foundation is a not for profit entity. It has no ties to shareholders or dividends. The foundation does not have profit motives. The network’s native coin, the Lumens (XLM) reportedly funds the entity. Stellar is a global firm working to establish its protocol as one of the global standard payment models. The addresses that hold XLM contribute to Stellar’s success. Everyone can monitor Stellar’s progression through the appropriate links. There is a yearly accounting and auditing of stellar programs available, which facilitates integrity and transparency.
The Stellar Development Foundation is focused on leading Stellar Core development and that of Horizon. The entity is also in charge of framing policies for the Stellar network and Blockchain. It also communicates with key regulators and lawmakers to improve on business ecosystems and the Blockchain network technology. The foundation is also behind the promotion of Stellar’s technology to the network’s newer participants. When this report was published, the price of Stellar was trading at $0.063801.