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STELLAR & Lumens : Payment applicatons etc

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STELLAR & Lumens / XLM : Payment applicatons etc

COIN ... update : ALL / Last: $0.232 (#6 in MktCap)



BitChikk's Tracy Li reports on...

Stellar & Lumens


Since 2014, there have been numerous innovations for blockchain projects, one of which was Stellar, released in April 2015. Stellar serves a very specific niche, which is to bring together big and small financial institutions like banks, payment aggregators, fintech companies and ordinary users into a single platform that allows money to be moved like email. Stellar is also an ideal alternative to Ethereum as an ICO platform that does not require complex smart contracts.

What is Stellar?
Stellar is a blockchain network and protocol for moving and exchanging assets almost instantaneously, peer-to-peer, in one decentralized ledger and platform. It is paving the way for a more inclusive global infrastructure for payments. To better understand what stellar is, ask yourself these questions:

  1. Don’t you find it convenient when you are in a foreign country that you can withdraw from their ATMs using your Philippine-based ATM card and receive the money converted to their local currency? That convenience comes with a cost of 150 Php to 200 Php, but what if there is a better alternative that would only cost you a few cents (in Php)?
  2. What if there is a much cheaper alternative for OFWs to send money to their families in the Philippines?
  3. What if you can facilitate micropayments online with very little to no overhead on transaction fees?
  4. What if you are a rural bank and would like to move money cross-border but you don’t have the resources like a bigger bank has, such as an access to the SWIFT network?
  5. What if you can tokenize your assets and sell them in an exchange instantly?
  6. What if you can pay for your coffee with a token representing an asset?

The list can go on, but all of these can be done in Stellar.


> Makati-Prime thread -BitChikka : Women educating re: Blockchain

Stellar’s Social Mission: To provide financial services to the unbanked > More: How it Works

Stellar Acct. Viewer: https://www.stellar.org/account-viewer/#!/

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Is becoming an anchor a business opportunity? - Developers - Stellar ...

Jul 26, 2017 -

An Anchor basically backs up an asset for trading . example of anchors : Ripplefox.com. CNY anchor in China.

Allows you to send money to ...

Being an Anchor is a business opportunity .
Anchors are entities that people trust to hold their deposits and issue credits into the Stellar network for those deposits. All money transactions in the Stellar network (except lumens) occur in the form of credit issued by anchors, so anchors act as a bridge between existing currencies and the Stellar network. Most anchors are organizations like banks, savings institutions, farmers’ co-ops, central banks, and remittance companies.
An Anchor basically backs up an asset for trading .

example of anchors :
CNY anchor in China. Allows you to send money to any bank or Alipay account in China.

NaoBTC.com can help BTC move faster and exchange with other digital assets easier.

Anchor List: you can find a good list of anchors here http://publicstellar.com/currency_list.php108

TO become an Anchor .
You need to do the following:

    You need a website that user would visit to make a trade with you, you can do this in so many way. you could get a profession web designer. or set up a facebook messenger bot (https://www.facebook.com/Tonaira-114369132532315/37) try the messenger and see an example ,

  • ISSUE ASSET/TOKEN :slight_smile:
    You must already have a wallet public and secret key.
    2 lumen wallet address is needed.
    the issuer and the distribution/base
    An issuing account used only for issuing and destroying assets.
    A base/distribution account used to transact with other Stellar accounts. It holds a balance of assets issued by the issuing account.

To issue an asset. kindly have up to 50lumen in both issuer and base account .
you can issue via http://publicstellar.com/create/27 (this will publish you straight away )
or use https://poliha.github.io/stellar-tokens/18

  • Publish via (www.publicstellar.com33)
    not really necessary.
    if you made use of the publicstellar asset creator you have been published on the website if not you should visit the website and http://publicstellar.com/register.php13 register.

  • Federation server and TOML file
    One of the issue that have been simplified this month with very good example..
    Federation: which allows a single Stellar account to represent multiple people.
    This is used as placeholder for the long lumen address .
    can be represented with Dave*levine.com
    and if any user use the Dave*levine.com , it will resolve to that address above .

a very simple federation set up using php is https://github.com/slideloft/php-federation/tree/master30

Also you should have a KYC policy in place according to COMPLIANCE with financial regulator

> source: https://stellarcommunity.org/t/is-becoming-an-anchor-a-business-opportunity/745/2

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There seem to be a lot of Stellar / XLM Bulls on Youtube

IBM & Stellar - A Match Made in Heaven?

5 Reasons Stellar Lumens Can Reach $1

1. Stellar may be added to CoinBase
2. Partnership with IBM
3. Blockchain banking being introduced in many countries; Tempo network will allow low cost, rapid processing
4. Past History (below the Highs! of 88-89 Cents)
5. Future developments, using the rapid speed & low cost of transfers

(Stellar / XLM : "was less than 1 cent back in March 2017"):

Can Stellar Lumens (XLM) Make You A Millionaire? - Realistically

Decentralized exchanges are on the way

Lighning network will be implemented in 2018

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CHINESE Companies are using Stellar

RippleFox anchor and Stellar Desktop client - Galactic Talk

Oct 30, 2017 - We have keep operating the anchor in China for a long time and ... However, the distributed exchange like Stellar cannot be shut down. So we .

/ 2 /

China Banks and Alipay joins Stellar Global payment network ...

Oct 2, 2017 - 3 posts - ‎2 authors

CNY anchor in China. Allows you to send money to any bank or Alipay account in China. scroll down to see China...

7 posts : 25 Jun 2018
3 posts : 30 Jan 2018
8 posts : 13 Dec 2017
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  • 2 weeks later...

STELLAR gives away LUMENS, using "invites"

(between 50 and 500 Lumens, I think, depending on the method)


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How to Store Stellar Lumens: Best XLM Wallets with Reviews 

Stellar Lumen (XLM) Explanation

Lumen (XLM), the native cryptocurrency of the Stellar network, is creating quite a buzz in the crypto-market, thanks to Stellar’s recent tie-up with IBM (NYSE:IBM).

The original name for Lumen in 2014 was “Stellar” but, in 2015, the name was changed to Lumen to avoid confusion between the currency and the network itself.

You can’t hold a lumen in your hand, because they are built into the network.  But you can store them in Lumen wallets, also called XLM wallets.

Before we dive into which are the best Stellar Lumen wallets, it’s important to understand why lumens need wallets in the first place.

How to Store Stellar Lumens Safely 

People are concerned about how to store lumens. But I firmly believe that the concern should be more about how to store lumens safely. While the most convenient place to store your lumens is on the exchange itself, it is definitely not the safest.

Leaving your lumens on the exchange is dangerous because your coins are now in the trust of someone else. Since that “someone” might not be working in your best interest, your lumens could be subject to one of the many hacks that have targeted cryptocurrencies. (Source: “5 Tips for Storing and Sending Lumens Safely,” Stellar Community, last accessed December 27, 2017.)

Agreed, your lumens might be worth just a few dollars today, but—with the way Stellar is growing—they could be worth a lot more in the near future.

The only way to keep your lumens safe is to be the only one to have access to the private key of the address where your lumens are stored. In other words, not on an exchange.

Once your lumens are safely held in your own wallet, make sure you have at least one backup of the private key.  Ideally, keep your backups in different places, so, if you lose one computer on which the key is backed up, you can always retrieve it from another backup. (Source: Ibid.)

Remember, if you lose your private key, you lose all your lumens. Period.

. . .

here are five of the best wallets, with short descriptions of each.

Stargazer: This wallet is applicable both for mobile (Android) and desktop (Mac, PC, Linux) storage of lumens. The big advantages of this wallet are that it accommodates multiple accounts, multiple assets, multiple networks, and multiple languages. The developers behind this wallet have a simple vision: raise the bar for what a wallet is, without adding too much fluff.

Ledger Nano S: This popular hardware wallet has earned quite a reputation for offering robust safety features for storing cryptographic assets and digital payments. The wallet connects easily to any computer via the USB port. One of the best features of the wallet is its OLED display that helps the user double-check and confirm each transaction with a single tap.

Centaurus: This open-source wallet has the distinction of being the first Stellar wallet on “Google Play.” When you first start up with this wallet, the app creates your Stellar address, at which you can receive lumens. The advantage of this wallet is that it displays account balances and it allows manual lumen transfers (by pasting an address) or digital transfers (by scanning a QR code). And yes, the wallet accepts cross-currency payments

Lobstr: This wallet is a very secure and smart way to store and transact lumens. It has a very clean and easy-to-use interface, and its unique e-mail notification feature is a welcome addition that helps simplify the whole experience. Other great advantages of this wallet are its built-in XLM price converter and its robust anti-fraud measures. This wallet is available as a web app, but it also supports mobile storage on Android and iOS apps.

StellarTerm: This wallet is a Web-based trading client that has a 100% ability to interact with the Stellar distributed exchange. It is a great wallet for newbies looking for a safe and easy way of trading on the Stellar network. With this wallet, one can exchange currencies, view account balances, and see popular exchange markets. (Source: Ibid.)

> More : on Stellar Lumens wallets:

Stargazer developer: Johan Sten - Champion (Philippines), Stellar Network

Meet-up in PH : Enter Stellar

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