One of the Bitcoin enthusiasts, earlier this year, created an experiment naming it Lightning Torch. This technology was launched with a goal to make Bitcoin transfers less expensive by the use of a second layer scaling solution, the lightning protocol. However, this experiment was closed at the beginning of April.
Yet, since June of this year, Stellar Lumens began quietly offering a similar solution that allowed Stellar users make transactions on the base layer of the blockchain technology. This solution was created by Jed McCaleb, who is the creator of stellar, the Chief Technical Officer of Ripple as well as the founder of the famous Mt. Gox cryptocurrency exchange.
Right now the solution is 67 USD or 1150 Stellar coins. It is different from the Lightning Trust Chain in that the Stellar solution doesn’t require the same amount for every transaction. According to employees, the Stellar community was very supportive of the new solution and they even added that it made the community feel more connected. Another employee of the Stellar Foundation after passing the torch stated that it’s fun and did something that they value greatly, it linked many members of the community.
The solution by Stellar doesn’t have a specific aim nor a time to end. So Ripple employees created a concept called challenges. For instance, one of the challenges is that by sending the torch to a person from a certain country the user claims that country. Another challenge is sending the torch to someone famous.
The employee added that as Stellar Lumens doesn’t use as much marketing as Bitcoin and isn’t as mainstream, this game will end quickly for Stellar users.