The Stellar Network being payment focused have clearly differentiated between scalability and openness. @Karenhsumar highlights it as being the strength of the stellar network. Also, pointed out how the numbers of anchors and validators have increased.
Stellar tweeted: “ICYMI: @karenhsu joined us at last week to share the strengths of Stellar, but due to the challenges of virtual conferencing, her visuals weren’t broadcast.” Therefore, a blog recapping her key takeaways and slides were made available.”
The criteria for evaluating the blockchains were represented as being the consensus, scalability, adoption, privacy, governance, and openness.
Karen has provided data analytics on blockchains. Also, it has developed the criteria that companies can use to identify the blockchains that can be the best fit for a given use case.
The criteria has taken into consideration social and technical considerations. Also, it has been stated that not every use case will need the highest level for every criterion. Depending on the use case, only a few criteria need to be fulfilled, and these criteria are likely more important than others.
Sydney Ifergan, the crypto expert, tweeted: “Stellar Lumens (XLM) directed to BlockchainIntel on the blog about Stellar and Consensus. Worth the knowhow to narrow down to the appropriate blockchain based on the use case.”
Coindesk tweeted: “When you’re building tech, it’s better to solve the problem you’re trying to solve rather than something that solves everything, @JedMcCaleb said about launching @StellarOrg instead of building on #Bitcoin.”
Stellar Lumens Dealing with Cryptocurrency Volatility
When the cryptocurrency market keeps moving several million dollars’ worth of digital currency, it can change the price dramatically. There can also be liquidations.
Reportedly, the decentralized exchanges on the Stellar network and the centralized exchanges which are trading XLM have lower volumes when compared to other markets. However, even seemingly small changes in other markets will enormously impact the price of XLM.
To deal with the issue of volatility, Stellar has made it easy for Central banks to issue stable coins on the Stellar Network. Whether stable coins will be able to deal with volatility issues is set to be further discussed.
The Stellar Development Foundation is set to invest in Stellar Sustainable use cases. The major use case for Stellar now is payments. Newer use cases and improved metrics about having served the unbanked is soon expected per Karen Hsu, CEO BlockchainIntel and Co-Founder Blockchain by Women.
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