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Stellar launches Horizon 2.0 while Grayscale expands the XLM Trust

  • Stellar’s Horizon 2.0 client will require fewer resources to run network infrastructure.
  • The upgrade allows choosing between running a blockchain validator and the Horizon client to make transactions.

Developers, organizations and enterprises stand to benefit greatly from the latest update to the API server for the Stellar ecosystem client, Horizon. Released as v2.0, the Stellar Development Foundation (SDF) has announced “massive architectural and performance benefits”.

In a post on the SDF blog, they present improvements to the Horizon client that can be used to run Stellar with far fewer resources than previous versions.

The upgrade has a new modular architecture that introduces the “Captive Core”, the enhanced version of the Stellar Core, which includes specific improvements. For example, the Captive Stellar Core has been optimized and will now be able to process transactions in memory.

This allows the Horizon client database to be rebuilt faster. Separate Stellar Core instances have been eliminated. As a result, Horizon 2.0 will be able to dispense with database requirements for the Stellar Core.

The Stellar Development Foundation claims that this update represents a “paradigm shift” for the Stellar network. Users will be able to have more “freedom” when choosing the configuration that best serves their use case and allows them to choose between running a validator to participate in consensus or running Horizon to access the blockchain and be able to transact. SDF added:

While deploying a full Stellar Core node can still be an involved process, the introduction of Captive Stellar Core lets you focus almost entirely on deploying Horizon itself, letting you participate in the network without bearing the full responsibility of consensus management.

Grayscale stacks more XLM

On the other hand, the Stellar community celebrates that the firm Grayscale has added 6,568,516 to its XLM trust. Data from Bybit indicate that the purchase was made in the last 24 hours. Over the last 30 days Grayscale has added a total of 35,855,625 XLM to its fund likely in response to institutional demand.

In its latest update, the digital asset investment firm reports a record $36.9 billion in assets under management. The Bitcoin Trust (GBTC) continues to be the largest with $31 billion, followed by the Ethereum Trust (GETH) with $4.713 billion.

About Author

Reynaldo Marquez has closely followed the growth of Bitcoin and blockchain technology since 2016. He has since worked as a columnist on crypto coins covering advances, falls and rises in the market, bifurcations and developments. He believes that crypto coins and blockchain technology will have a great positive impact on people's lives.

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