This idea of trust is made explicit on Stellar through trustlines. When using a payment service, you are trusting the service provider to store your deposit and to honor your withdrawals. It is up to you to choose which anchors/assets you interact with just as you choose which banks and financial services you choose to interact with. For example, there are several USD anchors on Stellar. One thing to remember is that different entities can issue the same asset. These anchored tokens can then be used with any other application built on Stellar. Though instead of issuing balances in a centralized database, they are issuing token balances on the Stellar ledger. Stellar anchors mirror this by taking deposits from users. Payment apps take deposits from users, give them an equal balance within the app, and allow users to withdraw their balances. Anchors take deposits of a real world asset, turn them into a token balance on Stellar, and honor withdrawals for the tokens they issue.Īnchor deposits function like Venmo, PayPal, or any other payment app. Anchors can be individuals or entities (like a bank) that issue assets on Stellar. AnchorsĬentral to Stellar is the concept of an anchor. In this post I’ll make the world of Stellar assets and trustlines easier to navigate. dollars, cryptocurrencies, barrels of monkeys, etc.). If you can tokenize it, you can issue it on Stellar (e.g. Keybase makes it secure on top of that, as Keybase servers never know your Stellar private keys.Stellar lets you trade, hold, and transfer any type of asset on the network. So far it is the crypto-currency that is the best designed for international transactions. They are the native assets of the Stellar network, although Stellar supports other tokens and currencies.Īs this email is getting sent, 1 XLM = $0.06 USD (Source: ). Lumens (XLM) are units of digital currency. If this applies to your friends, you can send them to Q: Where can I read more about the Stellar giveaway?Īnyone who was not a member of Keybase before Septemcan still qualify, if they have a GitHub or HackerNews account that was created before September 9, 2019. To access these lumens, open your Keybase app or install Keybase. Enjoy! Amount = XLM (approximately $ USD) (There is some fine print such as no individual receiving more than $500 USD worth.Īll made possible by public-key cryptography. As an added bonus, SDF is giving out 100 million more EVERY month, totaling 2 billion Lumens, and you can choose to keep participating, no strings attached. If you would like them, just login to your Keybase app to decrypt them. If you're not interested in the Lumens, you have no action to take, and you won't be bothered by further messages of this sort. They were sent by a special bot called which you can see has a verified proof of keybase.io. Your share of the Lumens are waiting for you, encrypted for your private Keybase keys. We managed to keep this a secret (somehow!), but today SDF is giving 100 million Lumens, divided equally across everyone who has previously installed Keybase. Stellar builds the Stellar network, which powers a digital currency that Keybase understands. They have done drops like these previously too.Ī surprise gift (and a Keybase announcement)įor a while, Keybase has been quietly funded by the non-profit Stellar Development Foundation. Also otherwise why would you use these if the foundation can simply create more coins and devalue the coins you own. Imo not worth the time, there can be infinite accounts claming those lumens and so technically you can get 0 lumens for the time put into the keybase app which is not that good to use. This is to prevent bot signups to Keybase." "To qualify: you must have a Keybase account registered before this announcement OR if you're new to Keybase, you must connect your Keybase account to a GitHub or HackerNews account that was registered before this announcement. Stellar website thingy is behind cloudflare which asks to fill recaptcha so coudn't get more info on how these lumens can be used besides from transferring to other accounts. I guess this is to get more signups (old github/hn accounts are eligible for this thing), they also ask for at least 3 devices or 3 paperkeys. Keybase sent me an email today stating someone dropped me 'x' amounts of lumens.
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