The Stellar Development Foundation Second Quarter Review is published. The review speaks about how Stellar are surviving the new normal. They acknowledge how a new normal has developed following the pandemic. And, on how the pandemic has subsided and made it possible for businesses to accept a new normal like taking to video conferences, taking part in virtual stage, and how home has become a lot like office for many.
It is a re-imagined business model post pandemic. And the Stellar Lumens (XLM) community and the foundation continues to thrive. The capacity of the team has improved reportedly after new hires. The Q2 report talks about the strategic advances which has happened in every code tenet of their roadmap.
Commenting on Stellar Lumens Activity level, Sydney Ifergan, the crypto expert tweeted: “Stellar Lumens (XLM) Q2 speaks of Protocol 13, Abra, SatoshiPay, update to developer documentation, and about 20 SDF hosted virtual events facilitating public visibility and engagement. Obvious, the pandemic did not stop them from anything.”
The Stellar integration to the Samsung Blockchain Keystore was recently announced. And, this has excited the community who believe this to be an awesome progress.
Ben Jessel tweeted: “@StellarOrg partners with @SamsungMobile to bring easy-to-use key management for the @StellarOrg blockchain to users. Stellar potentially gets access to 300m phones.”
This integration will permit Samsung device to be able to store the private keys related to the Stellar blockchain wallet in a secure manner. The ability to manage the private keys was a major problem in terms of the blockchain user experience, because the more secure the solution, the more challenging was the user experience.
Managing private keys while keeping it secure and at the same time ensuring the process is user friendly was a challenge.
Denelle Dixon, CEO and executive director of SDF in an interview stated, “To have a really simple way for users to store their keys and utilize them on-chain is so important, and why we are excited about this announcement.”
Software wallets do come with security vulnerabilities; however, with a hardware level segregation only a separate computer process will be able to access the authorized software in a way to protect the private keys. This is the new capability and it is promising.
As people upgrade their mobiles and buy in to newer models they will be able to gain access and the adoption is expected to accelerate at substantial phase this way.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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