According to the Token Investment Management Community, Crypto Aware, the cryptocurrency theft has already reached $670 million in 2018. As the number of attacks is increasing, both the investors and the exchange platforms are equally concerned about it. Banks and other government departments across the world are showing lack of interest in cryptocurrency transactions and some of them are even prohibiting their customers from performing cryptocurrency transactions.
The Stellar Federation protocol, which is responsible for mapping Stellar addresses to other information about the user has introduced HTTPS for higher security. Stellar Client Software uses this protocol to resolve basic customer information to encrypted IDs. Stellar addresses are considered to be the easiest way for the users to share their payment details through a method which works across different domains and providers. Therefore, the data connections between wallets and servers will be HTTPS protected to make the transactions highly secured.
The number of organizations and businesses implementing Stellar as their financial infrastructure is increasing tremendously. Stellar has collaborated with IBM in the year 2017 to fasten their global payments. Stellar has also partnered with Keybase, an entity that maps social media identities to encryption keys, to remove the use of extended cryptographic addresses for international transactions. Stellar has adopted the Lightning Network recently to avoid scalability issues in the future.
Jed McCaleb, the Co-Founder of Stellar says:
“It is evident that there will be an operable universal payments network in future.”
He also added:
“I won’t be surprised if all equity isn’t tokenized on some blockchain somewhere withing 10 years. The change will occur before 2028.”
Hashim Fahmawi, A Stellar proponent says:
“STELLAR Her brilliant future”
A Twitterati says:
“I love how there’s no drama on xlm. Just hides in the corner waiting for it’s turn to bust out and shine”
Victor Osorio, a stellar investor says:
“I think there’s a brighter horizons ahead for stellar!”
At 11.30AM UTC, Stellar Lumens was trading at $0.298 with a market cap of $5.535 standing at the 8th position. The overall volume of the token has increased by 50% in the last 7 days.
The post Stellar Lumens [XLM] Federation Protocol becomes more secure with HTTPS appeared first on AMBCrypto.