Stellar Force (XLF) – The Hard Fork of Stellar

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INTRODUCTION

Since the emergence of blockchain technology in 2008 when Satoshi Nakamoto introduced bitcoin, there have been rigorous efforts to apply the blockchain to several aspects of the global business process, Blockchain technology has been described as having the potential to disrupt many industries with a low-cost transaction, immutability, and enhanced security. In the years that have followed, many other blockchain implementations have been developed with each one exhibiting unique features tailored to specific use-cases.

Blockchain has made it possible to issue just about any asset via a distributed ledger framework. With the aid of cryptocurrency tokens, these assets can be given economic value in order to initiate and validate several transactional processes. Several on-chain protocols have been developed by a number of startups and established companies alike in order to create blockchain-based solutions.

Stellar is operated by a non-profit organization called Stellar.org and was founded by Jed McCaleb, who also co-founded another popular cryptocurrency, ripple. Similar to ripple, Stellar is also a cross-border transfer and payment system that connects financial entities with an aim to significantly reduce the transaction costs and time lags. Each transaction has a standard mining fee of 0.00001 lumens.

Stellar’s primary focus is on the developing economies in the areas of remittances and bank loans to those who are still outside of the scope of the banking services. It doesn’t charge individuals or institutions for using the Stellar network.

While Stellar works similar to most decentralized payment technologies like bitcoin, its key distinguishing feature is its consensus protocol. The present-day Stellar is a result of a 2014 fork that created the Stellar Consensus Protocol (SCP) following which Stellar became an open-source system. Under this protocol, the transaction authentication process is confined to a select set of trustworthy nodes rather than being left open to the whole network of nodes. Each node on the network selects a set of such trustworthy nodes, and a transaction is considered approved once authenticated by all nodes that are part of this select group. This shortened approval cycle allows the Stellar network to process transactions faster and keep transaction costs lower.”

As more technological advancements are uncovered, Stellar Force, a new cryptocurrency that takes advantage of many of the benefits of Stellar, such as processing speed, low fees, a democratic and decentralized model, open source technologies and others came on board.

OVERVIEW OF STELLAR FORCE (XLF)

Stellar Force will provide not only a wallet and exchange, but also an ideal basis for launching new decentralized projects in an affordable way. Extremely low network charges and high bandwidth mean that launching an ICO on Stellar Force will be many times cheaper than on Ethereum, and all new tokens will be available for exchange on the internal decentralized exchange from the first day.

The vast majority of the original offers of tokens are still running on Ethereum, but this popularity does not reflect any real benefits: the organization of ICO on Ethereum costs a lot of money because it is necessary to use Solidity, the prices for services such as audit and marketing are extremely high, transaction fees they change suddenly, fraud happens very often, and the transfer of tokens bought during the ICO to the exchange often becomes a problem. Stellar Force seeks to fix these problems.

Features of the ICO platform include:

Low fees for project placement and almost zero transaction fees;

Investing in ICO directly from the wallet;

Decentralized voting and selection mechanism for ICO evaluation and fraud prevention;

Internal chat for communication with project teams and community managers;

Easy registration and placement thanks to the convenient use of the ICO page builder;

Flexible tokens distribution tool;

KYC service;

Several payment options, including Fiat;

Internal platform for generosity.

ADVANTAGES

Fast wallet

Fast and mobile-friendly wallet

Lightning Network

Zero-fee, instant P2P payments using Lightning Network

High-capacity and secure

High-capacity, secure and reliable blockchain network

ICO platform

Safe and affordable ICO platform

About Hard and Soft forks – As illustrated on the official whitepaper of Stellar Force

First and foremost, Forking is a common way to develop new and improved versions of existing cryptocurrencies. Stellar Force is created as a hard fork Stellar, just like Bircoin Cash is a hard fork Bitcoin. However, one should understand the difference between hard and soft forks, as well as unintentional (temporary) forks.

The most common type of fork is the unintended fork, which occurs when two blocks in a distributed ledger are accidentally terminated and checked at the same time. ). In this case, two new blocks get the same number, and the blockchain is divided into two branches. Such plugs do not pose a serious problem if the community of nodes can choose which of the two options to consider the “correct” continuation of the ledger. The second branch is discarded, and all transactions in it are transferred to the main chain or saved in another way. Among recent examples of such random plugs is a case that occurred with the NEO network and was widely publicized because NEO officially could not be branched. However, it is important to remember that a random fork may occur in any ledger – this is not a “real” fork.

The next type of plug is a soft plug, it is completely intentional and includes part of the community that agreed to make important changes to the code. Users are free to stick with it or not; the main thing is that those who switch to the new version will still be able to communicate with the old one. This is similar to upgrading to a new version of Windows, which still allows you to use older versions of Office and other software. The software plug is backward compatible, because the nodes that decide to remain in the old network will still recognize the validity of the blocks completed in the new network. However, if for some reason users decide to return to the state of the software plug, this will require a hard fork.

Stellar Force hard fork: snapshot and distribution

Immediately before the launch of the Stellar Force, a snapshot of the star network will be taken; This step is planned from February 9, 2019. A snapshot is a record of all Star holders who have lumens in their personal wallets at the time of the snapshot, as well as the corresponding XLM in each user’s wallet. Each XLM owner will be eligible to receive Stellar Force (XLF) coins for free after a hand in the 1: 1 ratio. It is important to note that after a snapshot, Stellar holders can freely dispose of their gaps at their discretion, including transferring them for exchange to another user or selling them. They will still get free XLF, as long as there are several lumens in their wallet when the picture was taken.

Only XLM in personal wallets are valid for distributing free Stellar Force tokens. The lumens on the exchanges do not give their owners XLF.

Each XLM holder receives free XLF in a 1: 1 ratio.

If you want to buy XLF now:

Send XLM to: GB23OAR65G2TKDDYTR5BDLBEHHCZ2ZOH2PTJ7QWYAUJIJYDDWZ27GHUO

After branching, we will send XLF to your wallet address. Then you can transfer XLF to any of the exchanges, for further sale and get a good yield.

Coin Prices:

The value of the coins are as follows:

0-5 million: 1 XLM per 1000 XLF

5-15 million: 1 XLM per 500 XLF

15-25 million: 1 XLM per 200 XLF

Minimal transaction amount: 50 XLM

Number of coins for sale: 25 million

The total supply of XLF is limited to 100 billion, of which 25 billion is allocated for presale, 2 billion for campaigns for remuneration and 13 billion for the development of additional services and the management of the Star Force Fund.

Token Allocation

Pre-Sale & Values

End Date – 8 February 2019

Minimum Purchase pre-sale – 50 XLM

Total XLF – 100 billion

Pre-sale – 25 billion

Bounty – 2 billion

Development – 13 billion

ROADMAP AND DEVELOPMENT PLAN