Soon, Stellar’s Interstellar is going to launch the full version of Starlight. This protocol is going to lock transaction funds securely in a channel that only reveals settlement balances. This will save time during the transaction process. The versions that will come after the current one will be made to support all the tokens on the stellar blockchain.
Stellar (XLM) Price Today – XLM / USD
Unlike with traditional Stellar payment channels, the new system does not involve publishing the details about a transaction neither does it wait for a consensus before the funds are transferred. This payment system locks the funds within a secure channel. Since the payments will not need the network, only settlement balances will be visible at the conclusion.
Zero Fee Transactions In Real-time Zero
A demo of Starlight was launched by Interstellar and it looked just like Bitcoin Lightning. What’s more, users will be able to enjoy transactions at zero fees in real time. However, for now, only transactions on the Lumens token will be allowed. The announcement was made by Interstellar and it stated that sharing information within the platform in a bid to ensure the legitimacy of each transaction is a time consuming process. The data within Stellar transactions will be signed but will not longer be published for the view of the entire network until the parties performing the transaction have closed the channel. Even then, only the final balances will be visible.
After they have closed the channel, the transaction settlement will be forwarded to the account balance of specified parties. The transaction will take into consideration, the back and forth history of payments from the parties involved and use it to secure the channel. According to Interstellar:
“Just the final settlement balances will be visible to the network after the channel is closed by the parties involved in the transaction. Every other thing within the channel will be private. Only the parties involved in the transaction will have access to it”.
According to the Starlight team, the channel is similar to Bitcoin Lightning but it goes an extra mile to provide a more secure payment channel. Starlight will support a multi-hop payment option that transcends from one channel to the other. The team also plans to release newer versions that will be compatible with all the tokens on the Stellar blockchain and not just Lumens. It will also be made compatible with other networks like interledger and Lightning.
The Starlight team told users that the Demo may have some issues and so it is being run on the Stellar testnet to make sure that users will not lose their funds. They asked all participants to stick to the testnet for now and not try to switch to the mainnet.
Stellar (XLM) Price Analysis
Main while, Stellar Lumens (XLM) is still trading in red as it was yesterday. Right now, it is trading at $0.233647. This means that it is down by 0.57% against the USD and down by 1.13% against Bitcoin. The 24 hour trading volume $35,358,909 and the market capitalization is $4,414,711,348. Thankfully, it is still holding above the $0.20 mark which is currently acting as a significant support.