Home Altcoins News Stellar Testnet Reset Scheduled Wednesday July 29, 2020 and 2 Million XLM Match Up Soon

Stellar Testnet Reset Scheduled Wednesday July 29, 2020 and 2 Million XLM Match Up Soon

Stellar Lumens Testnet Reset

Stellar Dev Digest #53 have published their weekly updates.  The developer digest provides bit of digestive information bits of major events which happened in the Stellar Ecosystem in the week. It is well known that Stellar focuses on connecting the banks, payment systems and the people in a way helping them to move their money quickly and reliably without any extra cost.

Regarding Stellar Testnet Reset, the news in focus this week is the Stellar Testnet reset, which is scheduled to happen on July 29, 2020.  This reset will clear up all entries made in the ledger with all kinds of historical data from the Stellar Code and the Horizen.

Concerning Stellar Ecosystem, there is a Stellar ecosystem survey which has been put together to help the Stellar Development Foundation get an idea of what the developers are building in the ecosystem. And, also to find out the key features and improvements that should be made.

The Lumenthropy donation matching rounds are happening.    The current focus of the donation matching is to raise funds for “University of San Francisco’s Institute for Nonviolence and Social Justice.” For the entire month, SDF will be donating nearly 2 million XLM for the full month of July.

Sydney Ifergan, the crypto expert tweeted:  “The Stellar Development Foundation has been growing consistently despite the pandemic as they never gave up on their mission of quick and cheap payment processing. Community optimistic about XLM.”

Stellar Lumens (XLM) Financial Disruption

The XLM transactions happen in 5.5 seconds and the recipient can dispose the funds the sooner they receive it.  The boot camp app permits the investors to trade play money helping them handle trading of XLM. New hires were also happening and there was a major protocol 13 update recently.

Some of them have expressed that stellar might pump in to the Altcoin market. This can mean that the price will increase making massive gains possible for investors. With Revolut XLM will doing its part in financial disruption.

Of late, discussions are heating up about an increase in the minimum fee.  Trading bots were trying to exploit the arbitrage opportunities. With lot of bots coming up there is a surge in the pricing making the network expensive.

With all bots looking for the same opportunities, all other bots who have paid the minimum fee fail. What if the minimum fee is raised to 10,000 stroops (.001 XLM) per operation? This will improve the lives of average users and also making it important for arbitrage hunters to be efficient.

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Maheen Hernandez

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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