At the beginning of the year, the Stellar (XLM) team estimated that the number of transactions in the network would increase in volume. This is probably an indication that they expect a good development with IBM. Stellar blockchain is like cross-border payments that are intended to be instantaneous.
To keep up with a high business volume in Stellar’s network, the Foundation’s team has plans to implement the Lightning Protocol until December 1st this year.
The scaling requirement is in line with the goal of Stellar becoming the world’s digital rail.
Scaling of Lightning
Lightning was originally proposed for the Bitcoin, but in December it found its use in the Litecoin and Stellar network. Lightning works by allowing users to make no payments through routers and hubs.
This means that Lightning can support cross-protocol payments from one protocol to another. A user on the bitcoin network can send to a recipient who wants to get XLM on the Stellar Network.
Developers in Stellar were busy building pay channels beyond Bitcoin in other blocks of disability. These include Ethereum and ZCash.
Stellar is Superior to Ethereum
In a recent article, Global Coin Report mentioned that the Stellar platform is superior to Ethereum.
The key to this argument was that Stellar smart contracts were safer with a number of additional features, such as multiple signatures, stacking, atomicity, sorting, and time-bound functions.
Weiss Ratings has mentioned their tweet;
A cryptography called zk-snarks can help scale the shape. This system is still very slow, he said. At the same time, using technology, ETH can potentially scale up to 500 tp without relying on layer solutions, he said.
Ethereum network encounter with scalability problems that have been blamed for the last ETH decline in the markets.
ZK-Snarks and Vitalik Buterin concluded that the business volume of the network can be increased to 500 transactions per second.
Vitalik Buterin said that his own tweet;
He said they could do asset assumptions by using zk-SNARKs to mass-validate transactions.
Price Analysis: STELLAR (XLM)
XLM is currently valued at $0.257 and up 1.74% in the last 24 hours. This value could soon follow a similar trajectory as the one seen by XRP in the past few days.
The daily chart shows an effort to show that the bulls of September 23 are still under control. In our previous XLM price analysis, our forecast was based on the rate of rejection of driving prices over $ 0.25.
We recommend that risky traders make remarkable movements before buying with targets at $ 0.50 above last week’s targets.