Bitcoin Forum
February 16, 2020, 07:02:30 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 [106] 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 ... 195 »
  Print  
Author Topic: [ANN][XLM] Stellar - Decentralized trading platform  (Read 223109 times)
vit05
Hero Member
*****
Offline Offline

Activity: 672
Merit: 525



View Profile
January 25, 2018, 03:38:45 PM
 #2101

Why a $39 Million ICO Chose Stellar Over Ethereum
 19
 
Brady Dale
 
 
 Jan 25, 2018 at 14:00 UTC
FEATURE
"We look at ethereum like AOL or Myspace."

That's how Mobius Network co-founder and CEO David Gobaud explains why his startup ran its initial coin offering (ICO) on the Stellar network instead of ethereum, the most popular blockchain for token sales.

The comment underscores the growing interest in some corners of the crypto community for faster and cheaper payment rails as ethereum, like bitcoin, struggles to scale.

Mobius announced Thursday that it has raised $39 million in the ICO — one of the larger recent token sales and the largest by far on the Stellar platform. The company accepted only Stellar's native currency, lumens (XLM), in exchange for its own token, known as mobi.

According to Mobius, the sale hit its $39 million hard cap after only two hours, selling 35 percent of the total 888 million mobi tokens.

Participants in the round included China's Angel Chain Capital, Nirvana Capital and WaltonChain, an internet of things (IoT) startup that is building devices to enable manufacturers and retailers to track supply chains, according to the firm's website.

In addition to this backing, Gobaud emphasized that Mobius deployed its decentralized app (dapp) store alongside its ICO, saying it was important for the company to come out with live code early, to prove the project was real.

But what's perhaps most striking about the sale was the choice of blockchain.

While latency or cost might not be a dealbreaker for some blockchain projects, they are for Mobius' use case. Its thesis is that traditional tech companies will soon want to integrate with cryptocurrencies and, eventually, a decentralized web.

Mobius' white paper compares the company's work to that of Stripe, the Silicon Valley darling that took integration of credit card payments down to a few lines of code (and incubated Stellar in its early days). Mobius aims to do the same thing for cryptocurrency payments and, down the line, for publishing data to trade on decentralized marketplaces.

So the company needed an IoT-friendly network that could handle large amounts of transactions and data quickly, with low or no fees.

The goal is to "make it easy to connect every device, developer and data stream to the blockchain ecosystem," Gobaud said.

Yet while the vast majority of ICO-funded projects have been run on top of ethereum, using the ERC-20 standard, that blockchain has suffered from transaction backlogs and pendulum-like swings in fees.

Hence, after beginning its project on ethereum, Mobius switched to Stellar, the protocol created by Ripple co-founder Jed McCaleb. Like Ripple before it, Stellar was designed specifically for frictionless payments.

Trade-offs
Ethereum's scaling challenges have become acute in recent months. The issue moved Kik to announce that it would move its kin token off ethereum in December 2017.

While the ethereum developers recognize and are working on the problem, the Mobius team couldn't wait for a scaling solution, Gobaud said.

"We were building our dapp store on ethereum and then we connected with Jed," he said adding:

"We realized there was no way that ethereum could handle our technology. It was too slow, too expensive and too insecure. ... We see all these other projects with these immense problems"

Gobaud highlighted the problems with safely deploying smart contracts. "They are Turing complete programs, but they are really hard to write," he said, pointing to the first and second multi-million-dollar ether losses on Parity. Solidity was not a language built with security in mind, Gobaud argued.

In Stellar, "we think we've uncovered this underutilized, really unknown technology," Gobaud said.

For example, Stellar supports multi-signature wallets at the protocol level, making custodianship much easier for developers.

But Stellar has its downsides, Gobaud acknowledged. It's not Turing complete, for example, but Mobius is happy to make that trade-off in exchange for vastly faster and cheaper transactions.

What's next?
The white paper discusses a lot of use cases for the mobi token and its protocol, but the easiest one to explain is payments.

For anyone who believes that cryptocurrency will become more and more appealing to online businesses, the company that makes transacting in crypto easy the fastest stands to recoup benefits with a long tail.

If Mobius can make accepting crypto payments a matter of adding a few lines of code, that would be compelling if online companies begin accepting cryptocurrency more widely.

Talking to Gobaud, though, payments seems more like a way to sell the traditional internet on blockchain integration.

He's most excited about the market that will come when firms start posting their data to decentralized marketplaces, selling it via secure, live auctions he calls the "NASDAQ for data."

Gobaud said:

"More advanced or technical users are really excited about the data marketplace because they are aware that getting data into blockchain ecosystem is really complicated."

Data generated on blockchain protocols is easy to verify because they are closed environments. But data from the real world can't be verified on a blockchain without help.

That's why Mobius is building a proof-of-stake oracle system, so that data streams with data from the real world can build up reputations as reliable sources over time. With the system, to put its data up for sale on the market, a company would have to prove it holds a certain amount of tokens.

If that marketplace catches on, the cost of staking should be more than paid for by revenue from selling data over time. This could be anything from data about road conditions from a smart vehicle or local weather from a sensor on top of a commercial building.

To reach the point where the decentralized web has a rich enough ecosystem to support these marketplaces, the team is also working to solve other small problems faced by developers on the way there. For example, it built a universal login protocol, where a website can verify that a device holds a token to let its user log on to a service.

Some sites might want to take this a step further and use tokens to integrate the level of access someone has to a site. So, on a platform like Reddit, a user might only need one token, while a moderator might need a few tokens to log in with more advanced permissions.

In the meantime, developers are already building dapps for Mobius' store, but it's small scale offerings so far, little video games or prediction games. That's work at the experimental level, but Gobaud said he's encouraged by the fact that people already want to work with it. The websites on Geocities were crude, too, but they were a stepping stone to the web we know today.

He concluded:

"It's like the early days of the internet."

https://www.coindesk.com/why-a-39-million-ico-chose-stellar-over-ethereum/?utm_content=buffer02353&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
1581879750
Hero Member
*
Offline Offline

Posts: 1581879750

View Profile Personal Message (Offline)

Ignore
1581879750
Reply with quote  #2

1581879750
Report to moderator
Bitcoin Poker 3.0
The Largest Bitcoin Poker Site
Bad Beat Jackpot Available
No Limit Texas Hold'em Cash Games And Tournaments
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
tenpadhargyal
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
January 25, 2018, 07:32:56 PM
 #2102

What is the potential for Stellar? Ripple seems way more tested and used by reall businesses right now.
soliton
Full Member
***
Offline Offline

Activity: 448
Merit: 100


View Profile
January 26, 2018, 10:11:49 AM
 #2103

What is the potential for Stellar? Ripple seems way more tested and used by reall businesses right now.

Stellar consensus protocol is more accurate than that one of Ripple. The flaws in the last  make it vulnerable to attacks. Google to find more on that.
hush
Full Member
***
Offline Offline

Activity: 924
Merit: 102


View Profile
January 26, 2018, 10:17:11 AM
 #2104

What is the potential for Stellar? Ripple seems way more tested and used by reall businesses right now.

Stellar consensus protocol is more accurate than that one of Ripple. The flaws in the last  make it vulnerable to attacks. Google to find more on that.

I also think Stellar have much better platform potentially it will grow more stronger in future. In future so many projects will use this platform to build their decentralized apps.
John999
Legendary
*
Offline Offline

Activity: 1586
Merit: 1008



View Profile
January 26, 2018, 10:48:55 AM
 #2105

What is the potential for Stellar? Ripple seems way more tested and used by reall businesses right now.

Stellar consensus protocol is more accurate than that one of Ripple. The flaws in the last  make it vulnerable to attacks. Google to find more on that.

I also think Stellar have much better platform potentially it will grow more stronger in future. In future so many projects will use this platform to build their decentralized apps.

Ripple doesn't have any ecosystem.
mark_the_advark
Jr. Member
*
Offline Offline

Activity: 127
Merit: 5


View Profile
January 26, 2018, 11:05:57 AM
 #2106

I haven't dug into it too much, but looking through this forum, I really can't find anything bad about Stellar. I do have a little bit I bought a while back, thinking of buying more now Smiley
welpboy
Newbie
*
Offline Offline

Activity: 53
Merit: 0


View Profile
January 26, 2018, 01:27:46 PM
 #2107

What are your predictions for this project. SDEX is on the horizon, good thing shall happen Shocked
aceat64
Full Member
***
Offline Offline

Activity: 307
Merit: 101



View Profile
January 26, 2018, 04:28:26 PM
 #2108

Blood sweat and tears we will stick through this for many years Crypto is real similar to life when shit is up there’s nothing or no one that can retract your good mood but when shits down you start to see people for who they really are and you start to see there true colors. It’s like everyone starts losing their mind but In times like this when we’re up we should be hodling tighter than ever before because I have a feeling we’re about to break a dollar and since we haven’t broke that milestone yet we don’t know what’s on the other side of it. So everyone get your mind right because anything can happen at any given moment if hoping we break a dollar this weekend though. Smiley
Krezz2017
Full Member
***
Offline Offline

Activity: 560
Merit: 128



View Profile
January 26, 2018, 05:26:48 PM
 #2109

When did the coins sink, do you think? Is the time of purchase for long-term investment? Or can pick something more attractive?

ebliever
Legendary
*
Offline Offline

Activity: 1666
Merit: 1022


View Profile
January 26, 2018, 06:30:14 PM
 #2110

What is the potential for Stellar? Ripple seems way more tested and used by reall businesses right now.

Ripple was created by the same guy (Jed McCaleb) who left and started Stellar. So Ripple has a chronological lead, but is his first effort, and as such he improved upon the design with Stellar. The latter is far more versatile and is not wedded to the very banking system that cryptocurrency is undermining, which may be Ripple's fatal flaw.

Luke 12:15-21

Ephesians 2:8-9
cheechu
Member
**
Offline Offline

Activity: 196
Merit: 12

Wish to be a millionaire in 2018


View Profile
January 26, 2018, 06:32:44 PM
Merited by imrobo2 (1)
 #2111

I have heard about this coin stellar (XLM) too much and also they have a forum too where we can participate in many things, this is also get some attraction of users to get some coins free, now a days crypto coins are boosting so i hope that stellar price may rise more in near future and this is the right time to get few coins for us as future's investment.
bitshaperbd
Newbie
*
Offline Offline

Activity: 137
Merit: 0


View Profile WWW
January 26, 2018, 09:16:08 PM
 #2112

Couple of years ago ----may be 2013/14 I got some steller through airdrop. Yesterday I recover from my old data keeping doc file. Feels good and hopeful and bought a decent amount for future. I will go much bigger....I have done my analysis. I looked its network structure, provider etc. I have a very big dream with $XLM. Smiley
Levontres
Full Member
***
Offline Offline

Activity: 252
Merit: 100


THE DECENTRALIZED BETTING EXCHANG


View Profile
January 26, 2018, 09:21:45 PM
 #2113

For some time now I have been holding this coin, and I think this year it will show its high level.
I am certain this coin is destined to go past  to $5 in the year 2018.
keep trusting this coin!

Emusan01
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
January 26, 2018, 10:13:19 PM
 #2114

What are your predictions for this project. SDEX is on the horizon, good thing shall happen Shocked

I'm eagerly waiting for that SDEX seriously.... Stellar future is brighter than sun
solosergio
Newbie
*
Offline Offline

Activity: 37
Merit: 0


View Profile
January 27, 2018, 12:42:25 AM
 #2115

For some time now I have been holding this coin, and I think this year it will show its high level.
I am certain this coin is destined to go past  to $5 in the year 2018.
keep trusting this coin!

Five dollar for stellar mean a capitalization of 90 billion $. Do you really think it will be possible?
I think this is an unrealistic prevision!
pranavmnit
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
January 27, 2018, 05:19:23 AM
 #2116

Stellar has multiple features:
1)Decentralized exchange like zrx
2) Payment solutions like ripple
3) ICO platform like ethereum
Once stellar is adopted on mass scale we do not need multiple currencies like ripple, ether and zrx for different purposes. Only stellar is enough.
I have good confidence in Jed Macceleb and his team, for sure they have the capability to touch the moon.
franks182
Member
**
Offline Offline

Activity: 101
Merit: 10


View Profile
January 27, 2018, 05:39:03 AM
 #2117

I like the xlm of his compact community and the technology he uses from the transfer fee and the speed that I like, it's a project I like I hope developers can give a thing that can be trusted from everyone
Kalthir
Copper Member
Newbie
*
Offline Offline

Activity: 123
Merit: 0


View Profile
January 27, 2018, 12:51:48 PM
 #2118

XLM is in the coin vote list for Legolas! Legolas is an upcoming premium exchange focused on institutional investors, so that means high volume! Participate in the public ICO, starting on the 1st of February 12:00 PM GMT, at https://legolas.exchange and cast your vote!

Emusan01
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
January 27, 2018, 01:39:04 PM
 #2119

For some time now I have been holding this coin, and I think this year it will show its high level.
I am certain this coin is destined to go past  to $5 in the year 2018.
keep trusting this coin!

Five dollar for stellar mean a capitalization of 90 billion $. Do you really think it will be possible?
I think this is an unrealistic prevision!

Anything is possible in crypto world!
Besides, stellar is above $11 in marketcap now making it top 6.
Kevlar
Sr. Member
****
Offline Offline

Activity: 602
Merit: 254


🔰FERRUM NETWORK🔰


View Profile
January 27, 2018, 01:55:10 PM
 #2120

Initially, I (like many other players on the market) saw Stellar as the main killer of the ripple. Confirming a transaction for less than 5 seconds using smart contracts or multi-signature is a unique feature that gives the Stellar an advantage. It strains that the stellar as well as the ripple are partly centralized projects. But I like the idea of the creators - the fight against poverty - so I'll keep the stellar in my portfolio!


                            █████
                        █████████████
                     █████████████
                 ██████████████        █████
              █████████████        ████████████
          ██████████████        █████████████
       █████████████        █████████████       ██████
       ██████████        ████████████           ██████
       ███████       █████████████       ███    ██████
       ███████    █████████████       ██████    ██████
       ████████████████████       ██████████    ██████
       █████████████████       █████████████    ██████
       █████████████       █████████████        ██████
       ██████████       █████████████           ██████
       ███████      ██████████████       ███    ██████
       ██████    █████████████       ███████    ██████
       ██████    ██████████       ██████████    ██████
       ██████    ██████        █████████████    ██████
       ██████    ███       █████████████        ██████
       ██████           █████████████       ██████████
       ██████       █████████████        █████████████
                 █████████████       █████████████
              ████████████        █████████████
                  ████         ████████████
                           █████████████
                         ███████████
                            █████
Ferrum Network • Interoperability Network for Financial Applications
Pages: « 1 ... 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 [106] 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 ... 195 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!