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  • Stellar (XLM) Test Network reset is scheduled for 17th March

    Stellar (XLM) Test Network reset is scheduled for 17th March

    XLM is dropping as Bitcoin resists to reach $57,000.

    Stellar (XLM) is one of the stellar cryptocurrencies in the market. It has remained among the top digital assets in the market since Bitcoin surfaced on the big screen back in 2017.

    After the big bull run that got the attention of the entire world, a couple of years ago, the crypto market lost millions in the bearish run. However, following that event, the belief started to build among investors that Bitcoin is the future and would see many such bull runs in the future. So, here we are and the market is rocking once again. Stellar is part of the top crypto group has its significance among investors.

    XLM has dipped severely since February 19, 2021, but most indicators of XLM rely upon the market trend, overall, which is quite positive. 

    What’s Next?

    Stellar (XLM) will be going live tomorrow as part of the Stellar Open Protocol Discussion. The event is XLM’s bi-weekly meetings in which the team discusses and plans for the required or potential changes to upcoming versions of Stellar Protocol.

    In this week’s meeting, Stellar’s team will focus on proposed changes to CAP-21, which generalizes the time Bounds field in transactions supporting circumstances such as relaxation of sequence number checking and information of relative time locks. The main objective of this proposed revision is to induce relative time locks for payment channels. Furthermore, to enhance and expand the abilities preconditions on transactions—in general.

    The major update for the week is that Stellar has scheduled to reset the test network on March 17, 2021. The testnet is a small test XLM network, run by the Stellar Development Foundation (SDF). Users can use it for free. It works similar to the main public network and is the best place if you’re looking to develop something on Stellar blockchain.

    The testnet can operate approximately with a capacity limit of 100 operations per ledger. For removing the issues and to ensure that developers have the best experience while working on the test, the SDF testnet is periodically reset to the genesis (initial) ledger. The reset helps in refreshing the network, removing spam, decluttering the network, maintaining the system over time, and minimizing the time required to catch up to the latest ledger.

    Stellar has informed developers to not rely on the persistence of any accounts while using testnet. It’s because following the reset, all the ledger entries, transactions, and historical data would be wiped out from both Stellar Core and Horizon.

    However, SDF will work professionally to ensure that developers don’t feel any sort of disturbance during the reset.

    Conclusion

    Stellar Lumens (XLM) is trading on a lower side compared to the same time last month. As we write this, XLM is trading around $0.407, down by 3.12%. The market is resisting at the moment but it’s signaling that something big may happen before the week—ends.

  • Best Cryptocurrencies to Watch in 2021

    Best Cryptocurrencies to Watch in 2021

    With the pandemic starting in 2020, cryptocurrency stocks have seen a new interest as the world has started to see a larger appeal in digital currency and Bitcoin has been at the forefront of everyone’s mind. With the start of the new year, cryptocurrency stocks have gained a lot more traction and reached past the $20,000 and $40,000 marks in a short amount of time. Earlier, an investment of $1.5 billion was made by Tesla into Bitcoin, which once again gave it the boost it needed with it breaking its $50,000 high mark. Some of the best cryptocurrency stocks expected to keep rising this year are:

    Bitcoin (BTC)

    It’s hard to talk about cryptocurrency without mentioning the cryptocurrency giant Bitcoin which has been dominating the market since the start of 2009. BTC suffered in 2018 but it proved itself strong to recover and surge higher than $40,000 in the start of this year with a market cap larger than $1 trillion. Bitcoin also has the edge with being the biggest known name in the world of cryptocurrency which makes it attractive to new buyers. Bitcoin has also been the inspiration for Bitcoin creators to introduce new features like Bitcoin Cash.

    Stellar Lumens (XLM)

    Like Bitcoin, Stellar (XLM) has also made a big comeback this year after its previous struggles and has come through with new and interesting projects such as its most recent $5 million investment in Wyre, a dominant blockchain payment provider which let Stellar access to new currency pairs. XLM has even been preferred as the blockchain for Ukraine’s central bank. With the way Stellar has been dealing with savings and compliance accounts such as Wyre, it has seen 260 per cent more growth of its users and this could lead to it becoming a new Pay Pal company.

    Chainlink (LINK)

    Chainlink is an Ethereum platform which works between two parties engaging in a blockchain network and records the transaction into data blacks. While a lot of other platforms working these transactions need to use real data to execute smart contracts, Chainlink has come up with the innovative solution of using oracles to revive the needed data for the network while ensuring that the data stays safe for the smart contracts. With the confidence the platform has been gaining, it is become a top choice for cryptocurrency and decentralized finance is also contributing to this.