Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Stellar Forum => Topic started by: MUGNIA on October 26, 2024, 06:28:19 PM
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Stellar’s Lobstr and Freighter Wallets are the first to receive the new Blockaid security features
Blockchain security firm Blockaid announced the integration of its advanced Onchain Detection and Response (ODR) technology on the Stellar blockchain, starting with the Lobstr and Freighter wallet applications.
According to an Oct. 17 announcement viewed by Cointelegraph, the strategic partnership will bring real-time threat monitoring and rapid response capabilities to the wallets, with further integrations planned.
(https://s3.cointelegraph.com/uploads/2024-10/01929702-8e18-7608-82ed-ddd800aae2e5)
source : https://cointelegraph.com/news/stellar-ecosystem-implements-blockaid-security-features
Will this bring the Stellar coins back?
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Maybe I will learn a little about Stellar coins here and Wallets that support Stellar coins.
*Stellar Coins
*Stellar Coins have wallets, namely Lobstr wallet and Freighter wallet.
*Blockaid is a developer of Blockchain security that integrates Stellar coins with Lobstr and Freighter wallets.
That's what I think the stages are with the outline that I read from the thread that OP wrote. In my opinion, just for security alone, it won't be too much to increase the price of Stellar coins, unless maybe there is another event like I discussed earlier with the President of Freemind about Burning coins, but unfortunately, it might never happen for Burning coins on Stellar.
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~snip~
That's what I think the stages are with the outline that I read from the thread that OP wrote. In my opinion, just for security alone, it won't be too much to increase the price of Stellar coins, unless maybe there is another event like I discussed earlier with the President of Freemind about Burning coins, but unfortunately, it might never happen for Burning coins on Stellar.
The Stellar Foundation already burned a large amount of tokens several years ago.
Original SDF post from November 4, 2019:SDF's Next Steps (https://stellar.org/blog/foundation-news/sdfs-next-steps).
News updated July 2024: Stellar Foundation burn 50% of total XLM tokens (https://cryptonary.com/stellar-foundation-burn-50-of-total-xlm-tokens/).
In the original news published by the SDF you will find more information about the reasons why tokens are burned.
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~snip~
That's what I think the stages are with the outline that I read from the thread that OP wrote. In my opinion, just for security alone, it won't be too much to increase the price of Stellar coins, unless maybe there is another event like I discussed earlier with the President of Freemind about Burning coins, but unfortunately, it might never happen for Burning coins on Stellar.
The Stellar Foundation already burned a large amount of tokens several years ago.
Original SDF post from November 4, 2019:SDF's Next Steps (https://stellar.org/blog/foundation-news/sdfs-next-steps).
News updated July 2024: Stellar Foundation burn 50% of total XLM tokens (https://cryptonary.com/stellar-foundation-burn-50-of-total-xlm-tokens/).
In the original news published by the SDF you will find more information about the reasons why tokens are burned.
I have read it in the article you sent and it turns out that the correct answer from Stellar is :
~snip~
the question that the majority of the crypto world were asking was "why such a significant burn?" Stellar have answered this by stating "we should only keep what we’re confident we can actually use."
~snip~
Very satisfying answer from the Stellar core team and maybe for now we can wait for this Stellar coin to go up or turn green quickly. I also see that this Stellar coin on Coinmarketcap is around 0.22 dollars, it is still too far for the Stellar coin to reach the latest all time high again because the all time high of Stellar is around 0.62 dollars more.
If in 2025 the Stellar coin does not reach its all-time high again, hopefully the price of the Stellar coin can continue to increase, although slowly and continue to compete with various coins throughout the market.