Visa-Backed Blockchain Firm Embraces Stellar Cryptocurrency Via Merger - News Summed Up

Visa-Backed Blockchain Firm Embraces Stellar Cryptocurrency Via Merger


Ludwin compares the permissioned blockchain environments running to Chain’s existing clients as a layer that will sit on top of the public blockchain platform created by Stellar and powered by the lumen cryptocurrency. A trading service expected to launch soon, called StellarX, for crypto-assets created on the Stellar blockchain, will also move under the Interstellar umbrella. Specifically, he says Chain was unable to bring new customers together without a public network, and his company briefly considered launching its own public blockchain. But when McCaleb last year launched Lightyear as a way to lure partners to build on Stellar, Ludwin said, the pair reevaluated their trajectories. Depository Trust and Clearing Corporation built its soon-to-be launched blockchain platform to interoperate with the public ethereum blockchain, the Chain merger shows another possible path forward.


Source: Forbes September 10, 2018 13:00 UTC



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