{"id":32329,"date":"2020-11-25T13:37:29","date_gmt":"2020-11-25T11:37:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32329"},"modified":"2025-08-28T08:05:44","modified_gmt":"2025-08-28T05:05:44","slug":"stellar-price-hits-two-year-high-amid-protocol-15-upgrade","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/stellar-price-hits-two-year-high-amid-protocol-15-upgrade\/","title":{"rendered":"Stellar price hits two-year high amid Protocol 15 upgrade"},"content":{"rendered":"<p>On Wednesday, November 25, the price of Stellar (XLM) rose above $0.22, marking a two-year high. The asset&#8217;s rise comes amid activation of Protocol 15 two days earlier.<\/p>\n<div id=\"attachment_117603\" style=\"width: 1444px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-117603\" class=\"size-full wp-image-117603\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/xlm-2020-11-24.png\" alt=\"Stellar price hits two-year high amid protocol upgrade\" width=\"1434\" height=\"869\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/xlm-2020-11-24.png 1434w, https:\/\/u1f987.com\/wp-content\/uploads\/xlm-2020-11-24-300x182.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/xlm-2020-11-24-1024x621.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/xlm-2020-11-24-768x465.png 768w\" sizes=\"auto, (max-width: 1434px) 100vw, 1434px\" \/><\/p>\n<p id=\"caption-attachment-117603\" class=\"wp-caption-text\">Weekly XLM\/USD chart on Bitfinex from TradingView.<\/p>\n<\/div>\n<p>Last time XLM traded at these levels was in November 2018.<\/p>\n<p>According to <a href=\"https:\/\/www.coingecko.com\/en\">Coingecko<\/a>, over the past seven days the coin surged 141.5%, the fastest pace among the 20 largest cryptocurrencies.<\/p>\n<p>The upgrade, completed on November 23, aims to simplify the creation of applications on the Stellar blockchain.<\/p>\n<p><a href=\"https:\/\/www.stellar.org\/blog\/protocol-14-improvements?locale=en\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Protocol 15<\/a> added two new features \u2014 declared balances and sponsored reserves. They are designed to improve user experience without compromising network security.<\/p>\n<p>The upgrade strengthened protection against so-called farming attacks. They involve an attacker creating multiple accounts to collect small sums sent to these accounts by service providers to activate the account.<\/p>\n<p>Developers had been preparing the latest update for more than a year. According to them, Protocol 15 closes the most problematic areas in creating applications and services on the Stellar blockchain.<\/p>\n<p>The Stellar Development Foundation, the nonprofit behind the Stellar network, also announced a collaboration with the business payment platform ClickPesa. The new partner aims to facilitate cross-border and P2P payments using XLM in six East African countries.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Learn how <a href=\"https:\/\/twitter.com\/ClickPesa?ref_src=twsrc%5Etfw\">@ClickPesa<\/a> is making cross-border B2B payments easier in East Africa with <a href=\"https:\/\/twitter.com\/hashtag\/Stellar?src=hash&#038;ref_src=twsrc%5Etfw\">#Stellar<\/a>.<a href=\"https:\/\/t.co\/Mu3qW2TlR4\">https:\/\/t.co\/Mu3qW2TlR4<\/a><\/p>\n<p>\u2014 Stellar (@StellarOrg) <a href=\"https:\/\/twitter.com\/StellarOrg\/status\/1331359397084270594?ref_src=twsrc%5Etfw\">November 24, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier the Centre <a href=\"https:\/\/u1f987.com\/en\/news\/usdc-stablecoin-to-be-issued-on-the-stellar-blockchain\">announced<\/a> plans to launch USD Coin (USDC) on the Stellar blockchain in the first quarter of 2021.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday, November 25, Stellar (XLM) rose above $0.22, hitting a two-year high. The asset&#8217;s rise comes amid activation of Protocol 15 two days earlier.<\/p>\n","protected":false},"author":1,"featured_media":32330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[243],"class_list":["post-32329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-stellar"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=32329"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32329\/revisions"}],"predecessor-version":[{"id":32331,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32329\/revisions\/32331"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/32330"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=32329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=32329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=32329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}