Events Scheduled on August 14 and 19 by Stellar Lumens (XLM)
Stellar Lumens (XLM) is the 14th largest crypto in the market, but it is not enjoying the best of times in the last 8 months. One will be surprised to know that, at one point in time, XLM was in the top 10, but Crypto.com, Chainlink, and Cardano have overtaken it, among others.
The month of July was a massive relief for XLM, which was evident from the YTD gains that were as high as 135%. Although XLM stagnated in the 2nd part of July, the resurgence of Bitcoin is very reassuring. XLM, too, was up by 12% as per the past reports.
Jeb McCaleb had founded Stellar in 2014 as a payment network. The main aim was to make payments faster than ordinary bank transfers, especially those between borders.
Stellar is much different from Bitcoin as the consensus on the ledger & state is reached every 2 seconds or so. The native currency is known as Lumens. The popular Vibrant app runs on the Stellar blockchain and helps to convert your currency to USD.
Your money gets protected from inflation by converting the fiat currency into USDX. Vibrant was earlier known as Vega Pay. A discussion by the Vibrant developers is due on August 14, 2020, where the central area of concern would be withdrawals and payments in the Vibrant app.
A software engineer will hold a step-by-step seminar to show how the Savings app makes good use of the SEP-24 to connect the Stellar. On August 19, Stellar is set to conduct an AMA with the founder McCaleb and Denelle Dixon. The users have been requested to subscribe to subreddit or Twitter for further details on this.