Stellar Lumens (XLM) Engineering to bring solution to Ethereum DevelopersJuly 13, 2020
Stellar Engineering Talks recently discussed Turing Signing Servers. Tyler Van Der Hoeven, the SDF Ecosystem Evangelist spoke about the exciting new Stellar Ecosystem proposal, which is set to bring the missing turing complete contract proposal for Stellar.
The discussion spoke about the problem: Where the Ethereum has market dominance in an arena they are better suited to serve, namely finance. They discussed smart contracts. They discussed the solution as an Appeal to Ethereum developers by bringing financial feature parity to the financial area.
The discussion recalled about how a lot of intelligent things can be done atomically inside of a transaction using the smart contract. About the lot of different operations that open things up and close things off all of these in the same transaction as opposed to doing a bunch of individual things. Reinstated on how lots of things can happen in a single ledger, and about how a lot of intelligent smart things can be accomplished by making use of things like time bounds and pre-signed transactions and get through a lot of complex business logics. And, on how it is possible to open things up and close things up all within the same transaction.
Sydney Ifergan, the crypto expert tweeted: “Good to See Stellar Lumens (XLM) thinking for Ethereum. There is lot of overlapping of project missions lately between major blockchains.”
It is worth hearing the Stellar Engineering Talks which focused on looking at smart contracts more from the Ethereum point of view than just from the Stellar point of view. It is very clear that ultimately all the blockchains will have to facilitate interoperability to make mass adoption of cryptocurrency rather than bothering about just one token. Like Forex we might have a world of Crypto-ex rates soon. The basics seem to be the same. Tons of incentives waiting though.
Stellar Lumens (XLM) busy with Median 2020
Denelle Dixon is busy working towards Meridian 2020 and we hope to hear more about building the future where there is a stronger global connection. The community is waiting to see the kind of ideas that Stellar is set to bring forth to transform ideas in to action this November.
They claim they are working towards responding to the urgency of now, by creating global collaboration which creates ideas which accelerates action. The CoVID has had a hard impact. The world of technology has realized that the day you need to use your weapon you need it – blockchain though claimed to be groundbreaking was not ready for it all. Hopefully they gear up now.