Home Finance News Stellar Lumens (XLM) Growth Looking like Tortoise Race Maybe the Tortoise wins Ultimately

Stellar Lumens (XLM) Growth Looking like Tortoise Race Maybe the Tortoise wins Ultimately

Stellar

Previously, Denelle Dixon expressed support to the Wyden-Toomey-Lummis infrastructure deal amendment.

Blockchain innovation in the US should be supported with smart legislation and accountability that makes sense—clarified stating that this debate is not about taxes. At SDF, we agree with industry leaders that brokers such as crypto exchanges should comply with reporting obligations.

But defining, for example, a Stellar network node or validator as a broker simply doesn’t make sense. Validators don’t have customers, don’t execute trades, and lack reportable information.

This is true for network validators regardless of the manner consensus is achieved. Thus, there is no sound tax reason to treat one or two consensus mechanisms differently from others.

Let’s keep tax policy technology-neutral and foster innovation in a growing industry that gives new opportunities and greater financial inclusion.

We urge Congress to pass the Wyden-Toomey-Lummis amendment so blockchain innovators can get back to work building financial rails that serve everyone.

During these infrastructure deal talks, the attention on digital assets has SDF hopeful for a future with more informed policy making.

Stellar community members were like:  XLM rate growth? Its growth looks like a tortoise race. Others were like: If you want to cry about short-term volatility, maybe crypto isn’t for you.

A lot of projects are happening on the blockchain.  The latest Stellar Community Fund (SCF) round is happening, and the submissions are happening.  Previous SCF’s winners are also sharing their words of wisdom about their experiences when applying.  They are also sharing about what they have been working on since the previous round.

Projects have achieved a lot with the help of community fund. They were able to do not just for the Stellar Network but for all of Crypto, NFTs, and the Artists too.  The community is growing daily.

Since a big component of winner selection in SCF depends on community feedback and voting, it becomes essential to engage with the community.

By building up trust with the community, SCF participants will be able to get collective knowledge about what works what does not on Stellar.

One benefit of setting up one’s own community hub is creating feedback that a product can only receive from devoted users.

By winning funding from SCF, projects get positioned to succeed and scale marketing-wise, team-size, and product-wise.

Hopefully, like new technology deserves new approaches to regulation, new project participants who get in touch with the community get to know more about community expectations.

 

 

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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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