Blockchain
By Ayobami Abiola
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The Stellar Development Fund, SDF, has been working very hard towards increasing the User Experience of the protocol especially for the non-crypto and new crypto enthusiasts.
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On October 7th, SDF introduced Protocol 14 improvements, a proposition that will be voted on by stellar devs on 28th October.
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“Stellar is designed to connect the world's financial infrastructure, and Protocol 14 introduces two new features — Claimable Balances and Sponsored Reserves — that make it…
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Stellar accounts or wallets operate on minimum balances, this means new users need a minimum balance to make their account active, to send and receive assets for transaction fees.
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Protocol 14 sponsored reserves allows developers an account to sponsor Lumen (XLM) reserves for another without giving over the control of the underlying funds:
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It means developers can now effectively activate new Stellar accounts for their users by sponsoring their minimum balances without giving over the funds.
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Claimable balances also allows developers to send new assets to their users without waiting for them to create Trustlines for the asset. Stellar users have to use 0.
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“Starting with Protocol 14, anchors can accept an off-network user deposit and immediately create an equivalent on-network Claimable Balance that the user can collect in their…
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Stellar's focus on creating a great crypto experience is a foundation and a step towards its full-blown adoption. Protocol 14 is an answered prayer to many developer's pain.
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