Stellar Lumens (XLM) Highlights Of 2019: Year in Review

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • Stellar successfully released the new horizon v 0.22.1 with protocol 12 support.
  • The current circulating supply of stellar lumen cryptocurrency is 19,972,578,912 XLM Tokens.
  • Horizon v0.21.1 provides few stability improvements, and they released with the stellar-core v12.0.0.

The open-source payment system and cryptocurrency, stellar successfully released the new horizon v 0.22.1 with protocol 12 support. As this epic year ends, Verge is trading at USD 0.04436157 and currently ranking at #12 position with the market capitalization of USD 893361768 in the cryptocurrency world.

The current circulating supply of stellar lumen cryptocurrency is 19,972,578,912 XLM Tokens from the max supply of 50,000,000,000 XLM Tokens. The Stellar Development Foundation (SDF) burned their 55 billion XLM token on 5th November 2019, cutting total max emission to 50 billion, and this asset price converted approximately 20% growth to stellar (XLM) lumen, which gives the positive sign for the growth of stellar.

What so far this year 

This year Stellar Development Foundation (SDF) released some critical updates for their platform. The very first update from (SDF) was lightning on stellar. It was a technical spec and road map for SDF. After this, they added a go SDK for the stellar network.

On 9th May, they came up with ZkVM, a new design for fast, confidential smart contracts. On 30th May, SDF released its stellar Protocol 11, which was a public network upgrade. On 15th May, they released a news ticker for the astronomical community.

Lastly, they came up with the major update for SDF and their city on 10th October the released there all new horizon v 0.22.1 with protocol v12 support, which finally converted into high capital growth for SDF. Just before this update, stellar also released horizon v 0.21.1, which added some more features in the stellar platform.

A brief about their new update Horizon v 0.21.1 and Horizon v 0.22.1 + protocol v12

Both updates have high value to SDF, and both are released back to back within a weak. Horizon v0.21.1 provides few stability improvements, and they released with the stellar-core v12.0.0, which implements three core advancement proposals CAP-24, CAP-25, CAP-26, Horizon v0.21.0 adds more filtering option for pathfinding and rolls out features related to new experimental ingestion system by adding support for offers.

Also, this update help in fixing the bugs and some performance improvement for the SDF, but protocol 12 fully supported in Horizon v22, which released just in a weak after Horizon v21.

Major Partnership of this year 

One of the most significant partnerships of the year for stellar was the one with IBM. On 18th March, IBM announced the “limited production” and launch of world fire. The emphasis via announcement was on cross border payments.

Letter of intent to issue stablecoin, which was signed by six international banks, the main objective behind stablecoin, is to create digital currencies that do not fluctuate in value, till now only two currencies are added in the world wire network: stellar lumens (XLM) and stronghold USD, which is a stable coin backed by reserve in U.S. dollars.

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