Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Stellar Forum => Topic started by: trendcoin on February 28, 2021, 11:40:00 PM
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There are a lot of competitors in this area, but smart contracts on the stellar network sound nice and interesting. There are many projects (token) running on the network. I'm sure there are those who can adapt to smart contracts; and hopefully this includes the expansion stellar tokens.
Flare will be integrating $XLM as an F-Asset, bringing XLM to scalable smart contracts and a trustless gateway to #Stellar. Decentralisation is far too important for maximalism. Ecosystems must be united. @stellarorg
https://twitter.com/FlareNetworks/status/1365052160531197954
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There are a lot of competitors in this area, but smart contracts on the stellar network sound nice and interesting. There are many projects (token) running on the network. I'm sure there are those who can adopt to smart contracts; and hopefully this includes the expansion stellar tokens.
Indeed, even more projects become successful by deploying their tokens on stellar smart contract ecosystem where many projects can't get that much success on other smart contract ecosystem. Also, this news is great for both Flare and Stellar for their own expansion. More adoption will boost up the hype of stellar and growth on the stellar price as well, IMO.
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Flare seems to understand the technicalities of Stellar very well, which is able to create Smart contracts, but Flare also has to understand the risks if later Flare is not able to lift the prestige of Stellar Smart contracts.
The reason is because Stellar really has a lot of competitors if only profit is taken from Smart contracts, for example the coins that have smart contracts are TRON, Binance, Ethereum, Chanilink and Polkadot.
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Stellar is a popular coin in the crypto currency market. Some investors are investing in this forum and it is gaining popularity and increasing its price day by day. On the other hand Flare has introduced smart contract to stellar. In few other coins, this technology has been introduced. It is very popular technology. So stellar will be grown up positively.
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These smart contracts from Stellar are less bite-sized so that Stellar doesn't have a more explosive price in the cryptocurrency market, in stark contrast to BNB's Smart contracts which are so fast in the cryptocurrency market.
I would think that Flare Smart Contracts are difficult to develop at Stellar because I am also less familiar with its activities.
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Shoot! Paragen is fast expanding; I'm usually conducting a lot of research for new projects, and I've heard the name of Paragen virtually every time. I believe the crew is so focused on success that they will become the largest platform for metaverse initiatives, in my opinion.
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That's good to hear, sadly I'm just coming across this development for the first time. I want to get this right, Is flare built on Stellar blockchain or Flare is a decentralized finance solution from other popular chains, that have built a bridge that allow Stellar enthusiasts to enjoy the benefits that comes with decentralized finance?