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Stellar Lumens [XLM] works hard to keep up with the competitive crypto market

Aman Swami

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Stellar[XLM] works hard to keep up with the competitive crypto market
Source: Pixabay

Cryptocurrency industry is a fast-moving industry. The fast, new, innovative technology needs people belonging to this industry to develop fast and efficiently with every moving second.

Its shocking to see how much a cryptocurrency company can do in a month. It requires a great amount of effort to make such fast developments in a technology which is still in the discovery phase and people do not know much about it. Its a sight to see companies adapt to the fast-moving industry so quickly.

The competition in the market, changing rankings due to fast movement of market cap further promotes or motivates companies to do as much as possible with their coin in order to make it more progressive with time.

Stellar Lumens in the month of April has done quite a lot in terms of their technology developments and to help the software developers in the crypto industry.

Their Beta version of Stellar Stack Exchange is available for the developers, the company stated that:

“We are currently using StackExchange to help developers find the answers they need when working on projects. Come join the community!”

The Stellar development team behind Stellar Rust SDK released version 0.1 allowing users to fetch all information from the Horizon API. Version 0.2 is already underway which will allow users to submit transactions to the Stellar network. The repo has a ton of well-scoped issues that range from beginner to hard making it easy for anyone to contribute.

They released Bifrost V2 with time-locked accounts, better account management, and multiple bug fixes has been released for the same.

The company set up an exchange guide. This guide will walk the users through the integration steps to add Stellar to the user’s exchange. Recently, a new section has been added that describes the process of adding non-native assets.

The last one for the month was, SEP-0007, a URI Scheme for Delegated Signing. The company described the program as:

“This Stellar Ecosystem Proposal (SEP) introduces a URI Scheme to generate a URI that will serve as a request to sign a transaction. The request represented by the URI will be signed by the user’s trusted wallet where she stores her secret key(s) so users do not have to copy/paste their secret keys into websites and applications.”

In addition to their research and development, Stellar also hosted a lot of events in the month of April and announced winners to their 6th Stellar Build Challenge which saw 300+ entries. These events help promote the coin and bring in more perspective and innovative ideas for the coin.

The coin could not really surge in the start of May given the bearish market but performed well in the month of April and was one of the highest gainers for a period of time in the month of April. The rapid speed of activities and development is common in the cryptocurrency market and companies require to do so in order to make a mark in the industry and make the upcoming technology more stable and efficient.


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