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Stellar Lumens [XLM] based smart wallet reaches a milestone

Sthuthie Murthy

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Stellar based smart wallet from Smartlands reaches a milestone
Source: Pixabay

Stellar and Smartlands’ partnership was a huge deal at the time of announcement and they are now back with an update.

They tweeted earlier today:

“The short summaries of the most important recent news about @Smartlands are available in our April newsletter.”

Smartlands had announced a new version of the Stellar-based wallet towards the end of April. Sticking to the roadmap, the technical team of Smartlands has now reached a milestone. Their primary focus has always been on developing a powerful and intuitive interface for trading on the Stellar’s decentralized exchange platform with the highlighted features being security, usability, fastest transaction speed and functionality.

Real Estate Tokenization:

One of the use cases is tokenization in the real-estate industry which is basically the process of converting rights to the property into digital tokens with the main advantage and the primary feature of asset-backed tokens [ABT] for investors being an unbreakable connection of real estate and tokens. This means low risk, liquidity, transparency, and security.

Blockchain networks support transparency, but only partially as blockchain itself is context-free. It literally means that pure blockchain and even smart contracts do not assure a connection with the real world. Framework, including business processes, software, autonomous machines or sensors, which collect data from real word and transfer to blockchain and smart contracts without a breach of continuity is the solution to this.

Private Shares Tokenization:

Another use case which on a comparison between securitization and tokenization shows that the blockchain creates one main information flow instead of multiple incoming data from various entities. This makes information sharing easier while also reducing costs and making the process less time-consuming.

It is becoming increasingly difficult to attract investments through traditional financial instruments as the market regulations lack flexibility. Asset tokenization is hence the future of investments they claim.



They stated:

“Tokenize your business! Create digital assets with blockchain.”

Stellar Lumens [XLM], the digital token is on a surfboard just like the other coins. Standing strongly at the 8th position for a long duration with a market cap of $7.5 billion approximately, it has kept its supporters intact. It is currently trading at $0.40 after some neutral gains and dips.





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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.

Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
Source: Unsplash

Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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