Stellar and the State of Cryptocurrency

The past twelve months have been . . . interesting. Even with the recent downturn, the superficial metrics of Stellar’s performance have risen spectacularly over the last year. Like everyone else in cryptocurrency, we spent 2017 on a rocketship strapped to a missile strapped to an off-brand roman candle made of pure gains.

We’ve been around long enough to know: today’s market fluctuations are meaningless for the real future of blockchain. Crypto is a crowded space. There are a lot of unproven ideas out there. The winning decentralized payment technologies will be the ones:

– that scale
– that are provably secure
– that have credit-card-like transaction latencies

ICOs moving to Stellar

As more developers become aware of us, we anticipate a robust Stellar ICO ecosystem. Mobius and Smartlands were the first companies to move. They launched ICOs on Stellar in late 2017. Please read their announcement posts, as they vouch for the benefits of our platform better than we can (see Mobius’s answer to “Why isn’t Mobius an ERC20 token living on Ethereum?”, in particular). Similarly, Kik and SatoshiPay announced their decisions to move their blockchain infrastructure onto Stellar, citing our superior performance.

On Jan 9, Mobius successfully closed their presale raise of $35M, $10M more than projected. Nine days later they conducted a public offering accepting only lumens; they met their hard cap of $4.5M in two hours.

 

Blue Star Capital PLC (LON:BLU) is an investing company with a focus on new technologies. Blue Star’s investments include a 31% holding in SatoshiPay, a nanopayment software and blockchain company

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