Stellar is going for the second leap
Coin of the day is Stellar
Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. The Stellar protocol is supported by a nonprofit, the Stellar Development Foundation.
At launch, Stellar was based on the Ripple protocol. After making several changes to critical consensus code, the Stellar network forked. In the aftermath, Stellar co-founder Joyce Kim claimed this was a flaw in the Ripple protocol, but this statement was challenged in a blog post by Ripple Labs CTO, Stefan Thomas. The Stellar Development Foundation then created an updated version of the protocol with a new consensus algorithm. The code and whitepaper for this new algorithm were released in April 2015, and the upgraded network went live in November 2015.
Latest news: The Lumenette mobile wallet is out of beta.
"Lumenette allows users to send Lumens to anyone on their personal contact list via phone/email, whether they have heard of Stellar or not. We are aiming to be Venmo for crypto - a user friendly, multi-asset wallet, powered by the Stellar network. We hope that the ability to transfer to anyone on your phone's contact list exponentially increases the number of people you can send Lumen to. This is why we built it! Previously 0 of my contacts had heard of Stellar."
Tecnhicals
On 19 April uptrend crashed at the 0.000045 level and went into correction. The correction stopped at the 0.000035 level and regained an upward momentum. The price established Bullish Trend Line, broke above the Bearish Resistance today and testing the 0.000045 resistance now. Biggest parts of today's volumes are traded exactly on the 0.000045 level, not below it, which is the bullish sign. A breakthrough above the 0.000047 level (19 April High) will confirm the breakthrough and lead the price to the next resistance at the 0.00005 level. Bullish Trend Line and 0.0000425 level should act as a support for the uptrend bias.
Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. The Stellar protocol is supported by a nonprofit, the Stellar Development Foundation.
At launch, Stellar was based on the Ripple protocol. After making several changes to critical consensus code, the Stellar network forked. In the aftermath, Stellar co-founder Joyce Kim claimed this was a flaw in the Ripple protocol, but this statement was challenged in a blog post by Ripple Labs CTO, Stefan Thomas. The Stellar Development Foundation then created an updated version of the protocol with a new consensus algorithm. The code and whitepaper for this new algorithm were released in April 2015, and the upgraded network went live in November 2015.
Latest news: The Lumenette mobile wallet is out of beta.
"Lumenette allows users to send Lumens to anyone on their personal contact list via phone/email, whether they have heard of Stellar or not. We are aiming to be Venmo for crypto - a user friendly, multi-asset wallet, powered by the Stellar network. We hope that the ability to transfer to anyone on your phone's contact list exponentially increases the number of people you can send Lumen to. This is why we built it! Previously 0 of my contacts had heard of Stellar."
Tecnhicals
On 19 April uptrend crashed at the 0.000045 level and went into correction. The correction stopped at the 0.000035 level and regained an upward momentum. The price established Bullish Trend Line, broke above the Bearish Resistance today and testing the 0.000045 resistance now. Biggest parts of today's volumes are traded exactly on the 0.000045 level, not below it, which is the bullish sign. A breakthrough above the 0.000047 level (19 April High) will confirm the breakthrough and lead the price to the next resistance at the 0.00005 level. Bullish Trend Line and 0.0000425 level should act as a support for the uptrend bias.
