AltcoinTech

IBM-Backed Blockchain Stellar (XLM) Reveals SBC-6 Winners

The non-profit behind Stellar (XLM) announced the winners of the 6th Stellar Build Challenge (SBC), via their Monthly Roundup (April 2018).

According to the announcement, the sixth SBC in the row had more than 300 submissions, making the latest challenge the largest so far, even compared to the previous five challenges combined.

Stellar believes that this is just the microcosm of their true potential, which unravels as the time passes, with more third-party companies and even other blockchain projects joining the Stellar Network, in order to benefit from Stellar’s own cryptocurrency token XLM, which offers relatively cheap transactions, enterprise-level security and integrity, and of course minimum transaction times.

“To reflect the high quality of many of our entries, and as a show of our good faith and of our renewed commitment to the SBC, we’ve decided to award five times the prize pool we’d originally planned. So we will distribute roughly 2.7 million XLM to the winners, not the 550 thousand we previously announced.”

The IBM backed blockchain platform also stated that they are constantly working on upgrading the transparency of their project and SBC process, better communication throughout each SBC cycle, and more emphasis on projects that can propel and therefore sustain Stellar in the long-term.

The overall winners of the sixth SBC (Soneso Stellar iOS SDK, Stellarport.io, Documentation & Refactor of Stellar’s Python SDK) will receive awards of 200,000 XLM each (with the two teams who reworked the Python SDK splitting their award), while lesser submissions will also receive smaller awards.

Some highlights include Lumenbox & Domain Key Identified Federation, which was the most promising security improvement to Stellar among many other submissions.

loading...

Stellarbeat.io, which is a node crawler and explorer; one that also shows node location and node software version. Not only is this tool immediately useful to SDF, but it could lead to deeper network analysis projects, such as a quantitative node ranking system like this one for Bitcoin.

Lumenauts.com bills itself as “Your Unofficial Stellar Guide,” and the site has quickly become an indispensable source of Stellar tutorials, explanations, and news. Stellar’s community needs better resources, not just better tools, and Lumenauts.com is exactly the kind of explanatory and evangelizing work we hope to see more of.

Stellar’s first goal for 2018 was the SDEX or the Stellar Decentralized Exchange. At the end of 2017, Stellar Foundation recruited a veteran team, with a substantial track record of product and marketing success, to build a front-end for Stellar’s inherent decentralized exchange.

SDEX would allow users to trade between a range of cryptocurrencies and/or other blockchain based token systems’ respective digital assets paired with XLM, while it also gives users the opportunity to trade XLM on a cross-platform fashion, as SDEX compares prices from a variety of cryptocurrency exchange markets in real time and gives you the best possible options at the time of the trade.

In a nutshell, SDEX is an exchange of exchanges – one that can revolutionize the way we interfere with the market.

At the same time, their 2018 goals include a series of new ICOs launched directly by and hosted on the Stellar Network, avoiding the monopoly Enterprise Ethereum Alliance had for some time, where ERC-20 tokens and most of the new ICOs were launching under the Ethereum Network’s wings.

Many known cryptocurrencies and blockchain-powered projects like KIN, and upcoming ICOs have both turned to Stellar due to its relatively cheap transactions, ties with corporate and governmental entities, an enterprise-level professional team of experts, cutting-edge state-of-the-art security tailored not just for networks but for Stellar specifically, and of course fast and reliable transactions within their network.

Finally Stellar is also implementing Lighting Network to their own protocol, but unlike Bitcoin, Stellar does not really need it.

“For those of you unfamiliar with Lightning, this Vice piece is a decent introduction: WTF is the Lightning Network and Will It Save Bitcoin? Of course, unlike Bitcoin, Stellar doesn’t need “saving” . . . we’re just going from a good place to an even better one.”

_

Could Stellar outcompete Ethereum’s network? and if yes, why is nobody talking about this? Let me guys know your thoughts on the matter in the comments below.

Reporting for Tech News Leader, Ross Peili (@rosspeili)

 

 

 

 

 

Tags

Leave a Reply

Your email address will not be published. Required fields are marked *

Close
Close