Stellar Network has seen a huge shift in the number of accounts opened over the past 6 months. On January 1st, 2018, the accounts were 244518 and on June 1st, 2018 it recorded 475789 which crossed the 300k number in comparison with their timeline from November 1st, 2015 up until December 1st, 2017 which saw a rise of 100k accounts.
This growth comes after a series of announcements, change in the infrastructure, and tie-ups with trading platforms, some of which are the following:
LALA + Stellar Protocol: On May 21st, 2018, LALA ecosystem, enabled by LALA wallet announced its strategic integration with Stellar Network for LALA Transfer, a cross-border money transfer, and remittance business. Stellar’s infrastructure aids cross-asset transfers of value, such as remittances and micro-payments, making them faster, more efficient, and less costly.
LALA world commented:
Stellar’s ability to revolutionize the transition of funds between parties, hence significantly revolutionizing the trade, has made it a default choice for LALA World.
Stellar implementing Lightning Network: On May 19th, 2018 Stellar Network team announced that they will be integrating with the Lightning Network making Stellar the first project to integrate since the launch of Lightning Network’s Beta version.
Lightning is an ascending solution for distributed payment networks, originally proposed for Bitcoin Blockchain. The design allows the users to make payments through routers and hubs.
Commenting on this Jed McCaleb, Stellar’s Founder said:
“Now that it works in bitcoinland, that will make things move faster for us,”
Kin+Stellar creating a hybrid solution with Ethereum: May 2018, the team at Kin foundation had decided to fork from the Stellar blockchain to increase transaction speed and processes on the blockchain, however, due to different roadmaps and goals between Kin and Stellar, the Kin Developers have decided to fork from the blockchain and still retain the working relationship with the Stellar organization.
Bitfinex introduces Stellar: On May 1st, 2018 Bitfinex started trading for Stellar against BTC, ETH, USD, GBP, EURO, and JPY. Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital assets.
IBM and Stellar: IBM choose Stellar to develop a blockchain-based cross-border payments solution proven to significantly reduce transaction costs and increase transaction speeds.
Jed McCaleb commented:
“This new innovation and collaboration represents a significant milestone for Stellar as well as the financial technology industry as a whole”
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