Home Altcoins News Muxed accounts a new type of Stellar Account Mapping Multiple Users in Single Account

Muxed accounts a new type of Stellar Account Mapping Multiple Users in Single Account

Muxed accounts a new type of Stellar Account Mapping Multiple Users in Single Account

What are Muxed accounts? How they work? Why they’re useful? It helps to support Muxed accounts.

Stellar Expressed: “Muxed accounts, a new type of Stellar account that makes it easy to map a single Stellar address to multiple users, are now live.”

The Muxed Accounts exist virtually under a traditional Stellar Account address.  Custodial services mostly make use of muxed accounts to map incoming payments to an internal customer database. Also, businesses may use muxed accounts to map incoming payments to an invoice or customer account.

Every product or service built on Stellar needs to allow users to send payments to muxed accounts. If your Stellar integration doesn’t recognize muxed accounts, your users will be unable to interact with wallets, exchanges, and custodians that use them.

There is an exhaustive FAQ on Muxed accounts and it helps to spend some time to get to understand the importance of these accounts.

Otherwise, cryptocurrency markets are recovering after a not so interesting beginning in 2022.  Early this year, investors were not able to do anything looking at the price of cryptocurrencies crash.  This left several investors wondering what the whole year is heading towards in terms of the cryptocurrency price. Several cryptocurrencies are down, but many of them are in the green.

XLM has been trending in the green at the time of writing.  For those who are wondering what is green in the cryptocurrency market? Green spark line just indicates that the price of the asset has closed higher when compared to the previous day.

Green is just indicative of the momentum of the asset type being positive. Generally, it is considered good to buy assets when they are trending in the green, particularly those who are looking to cash out some quick profits – this kind of buy is different from those who try to buy when there is blood in the market and the prices crash to the worse lows.

However, it is important to note that the trends will not continue in the same direction, the trends will change. Normally, the moving average rule is used to compare the moving average yesterday and the moving average today. When the moving average is less today when compared to yesterday it is indicative of an uptrend.  When the moving average is more today when compared to yesterday it is indicative of a downtrend.

It is important to understand whether the asset is bullish or bearish.  If it is bullish, investors gain some confidence about the asset and they buy.  If it is bearish, investors tend to be scared of losing and they sell.  There is a trend of HOLDING in the cryptocurrency space when the price trends down hoping the price will go up again.

Overall there is a bullish outlook for XLM in the industry.

 

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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