Stellar improves user experience with the latest protocol 14 upgrade for all the non-crypto and new crypto enthusiasts so let’s find out more in our stellar news crypto.
The Stellar Development Fund was working hard on increasing the User Experience of the protocol. Initially, it was the SEP-30a proposition that will enable the Stellar Lumens holders with the ability to manage their keys by removing the fear of losing access to their accounts. SEP30 focused on key management and recovery so now the SDF wants to make handling crypto easy without putting the security of the blockchain in jeopardy. SEP30 was just a point in the major plan for the foundation.
Protocol 14's features have been over a year in the making, and they address some of the biggest pain points developers experience when building user-facing apps and services on Stellar.
Our new dev blog outlines these features and why they're important:https://t.co/l6PKz2M6DI
— Stellar (@StellarOrg) October 7, 2020
The SDF introduced Protocol 14 improvements which is a proposition that will be voted by the stellar developers on the 28th of October. The upgrade centers on Claimable Balances and Sponsored Reserves so this protocol will ease the pain of onboarding new users and the crypto agnostics as Justin Rice stated:
“Stellar is designed to connect the world’s financial infrastructure, and Protocol 14 introduces two new features — Claimable Balances and Sponsored Reserves — that make it easier than ever to do that. The Protocol 14 features have been over a year in the making, and they address some of the biggest pain points developers experience when building user-facing apps and services on Stellar.”
Stellar accounts or wallets operate on minimum balances which means the new users will need a minimum balance to make their account active in order to send and receive assets for transaction fees. The developers were saddled with the major responsibility of either educating the new dapp users on how to use crypto exchanges or to buy XLM in order to activate their accounts or send them into the activation and transaction fees to use their wallet. For the developers that don’t want to go through the hassle, the latter remains a safe haven. According to Justin Rice, this could attract spammers that can create multiple accounts and all the XLM meant for activation to be sold.
ICYMI: Justin Rice, Head of Ecosystem at the Stellar Development Foundation, talked Stellar @REIMAGINE_2020
Check it out:https://t.co/Hu2yc0S5VL
— Stellar (@StellarOrg) May 22, 2020
Stellar improves the user experience as the by allowing developers an account to sponsor XLM reserves for another without giving other control of the underlying funds:
“Protocol 14 introduces new operations that allow one account to sponsor the lumen reserves for another without giving over control of the underlying funds. It also adds new extensions to account entries and ledger entries to record pertinent information about sponsorships.”
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