Network #stellar is witnessing exciting developments that make it one of the most prominent blockchain projects in the field of global financial transfers. Here are the key expectations for the near and distant future:
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🚀 Upcoming Technical Developments
- Scalability Improvements: Stellar is working on enhancing its infrastructure to support a larger number of transactions per second, making it suitable for large-scale institutional use⁽¹⁾.
- Support for Smart Contracts: Although Stellar does not rely on traditional smart contracts like Ethereum, it is developing more flexible tools to facilitate decentralized applications (dApps) in a simple and secure way⁽²⁾.
- Focus on Security and Compliance: Stellar implements strong controls for regulatory compliance, making it attractive to banks and financial institutions seeking compliant blockchain solutions⁽¹⁾.
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🌍 Real-World Use Cases and Global Expansion
- Partnerships with Major Institutions: Such as its collaboration with Franklin Templeton and the United Nations to provide digital financial aid in crisis areas like Ukraine and Argentina⁽³⁾.
- Stellar Anchor Network: It includes over 450,000 locations via MoneyGram in 150+ countries, facilitating the conversion of digital currencies to cash locally⁽³⁾.
- Digital Tokens for Assets: Stellar supports the issuance of tokens representing real assets such as bonds and stocks, opening the door to more transparent and accessible financial markets⁽¹⁾.
