Blockchain
By Maheen Hernandez
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Stellar Lumens (XLM) Protocol 15 Payment Primitives and Two Part Payments
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Getting money to flow quickly and cheaply between banks, business and people is the major focus of Stellar Lumens. Lumens provides for low cost universal payments on Stellar.
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Stellar Lumens makes it possible for people, businesses and banks to convert dollar, Euro and others in to XLM tokens, which are then used to transfer and exchange the value with…
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The network of computers which are used to run the Stellar transactions, confirm the legitimate transactions to further prevent malicious ones.
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Protocol 15 upgrade recently has made some noteworthy improvements. To transfer an asset other than Lumens between two Stellar accounts, it is important for both of the…
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Using Protocol 15, Stellar Lumens have realized their vision of moving money like an email by making it easy to transfer assets to an account without the need for a trust line.
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For those who do not know the trust line, it is a ledger that actually holds more information than just balance.
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Setting a trust line is important when a transaction is happening between people who do not think that the issuer is trustworthy.
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Sydney Ifergan, the crypto expert tweeted: “Stellar Lumens (XLM) did a great job by solving payment friction in trust lines with Protocol 15 and the two part payments.“
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They have created a new framework for powerful primitives. There is an extensive documentation and API for those who are trying to understand the “Two-Part Payments” by…
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