As the market finally let the bulls out of the cages, at least for a day of recovery, Stellar has revealed the next big addition to their ecosystem. The Stellar Development Foundation has announced that it is currently in the final phases of preparing the release of their own decentralized trading platform (SDEX).
The Stellar Decentralized Exchange is rumored to be launched sometime next month. SDF has revealed that with the exchange launch, there will be changes to the core protocol of the Stellar network.
SDEX will be the world-class front-end that our underlying technology has long deserved. It will enable on-chain, protocol-level trades for any Stellar token, and Stellar will create liquidity to minimize spreads and maximize choice of assets. Specific niceties the SDEX implies:
– Day One trading for any Stellar ICO token
– atomic pathfinding to discover the cheapest rates between any two assets
– very low trading fees
– end-user control of secret keys
For SDEX to compete with other major exchanges Stellar will need to increase the quality and number of anchors and market-makers on our network. In light of this, Stellar will continue to offer grants of up to $2M for partners in these areas.
Stellar envisions SDEX to be a comprehensive hub for traders of not only cryptocurrency assets, but also for other digital trading assets like oil futures, carbon credits etc.
Earlier this month, Interstellar, a division of Stellar Foundation that was founded by a merger of Lightyear and Chain came out with another exciting news for the Stellar ecosystem by announcing the payment channels on Interstellar dubbed Starlight. As the official announcement states:
Payment channels allow parties to transact privately, instantly, and securely, while paying zero fees.
So this is basically Stellar’s version of Lightning Network. The channels are private bidirectional paths for two parties to instantly pay each other funds in a private manner and for free without involving the Stellar network before the final settlement that is done on the blockchain itself.
Stellar (XLM) has captured the fifth spot once again and each coin is trading for $0.16. Stellar is up more than 17.3% over the past 24 hours, but it lost more than 17% last week.
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