Bitcoin, Crypto currency, Blockchain

Stellar in Takeover talks with Blockchain Startup Chain

Stellar is according to a report from Fortune, currently in Takeover talks with Blockchain Startup Chain. Stellar is an Open-Source Protocol for value exchange, which was founded in the year 2014 by Jed McCaleb and Joyce Kim, and its currency is also known under the Ticker XLM.

The goal of the XLM-network, it is people, the payment to link systems and banks. In the crypto-world, the currency of the Bitcoin network is Bitcoin. In the case of Stellar Stellar is the network and the lumen of the currency. It is a distributed payment System. The System connects via the Internet with other Stellar servers to enable fast, simple, and authentic international transactions. Lumen is currently one of the most popular Cryptocurrencies in the world.

Stellar’s market capitalization is currently at $4.3 billion dollars. The company is willing to pay 500 million XLM for the end of the Chain, to take on the San Francisco-based Startup, which Blockchain solutions for financial-developed industry.

Chain had taken more than $ 43 million from various investors such as Khosla Ventures, RRE Ventures, Blockchain, Capital, Pantera Capital, Nasdaq, Visa, Citi Ventures, Thrive Capital, BoxGroup, and Haystack.

According to Fortune Chains supporters will receive payments in the Form of lumens, which allows you to keep immediately after the transaction or sale.

Stellars interest in Chain is mainly based on the fact that the company has a talented Blockchain-developers, for which a strong demand in the industry. Such “Akquirie” are to be found in the crypto-Ecosystem is more and more frequently, in particular in the case of cash-rich companies such as Coinbase.

It is not clear what plans Stellar for a Chain, what is the Blockchain-Arrangements such as, for example, a Sequence is created, a Record-As-a-Benefit Element that allows associations, token, adjust the configurations on private data sets.

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