Stellar Lumens (XLM) Team Releases Its 2021 Roadmap

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In Brief
  • The team behind Stellar Lumens has released a roadmap for 2021.

  • The roadmap has three main strategic pillars: support the robustness and usability of Stellar, increase public knowledge and foster sustainable use cases.

  • This comes as Stellar's No. 1 rival, Ripple Labs, faces a number of legal issues.

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The Stellar Lumens (XLM) team has released its vision for the future in its 2021 roadmap, with growth as its main theme.

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Grow, Grow, Grow

The Stellar Lumens (XLM) team published its 2021 roadmap today, setting out its vision for the coming year and beyond. The prevailing theme in the much anticipated roadmap is growth.

Specifically, the team wants to grow the number of developers using the network, its volume of transactions and public awareness of the team’s projects.

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The team also laid out three ‘strategic pillars’, which include supporting the network’s usability, visibility and fostering sustainable development.

This vision for Stellar and the ecosystem can only be achieved by focusing on technology, ecosystem, policy, brand, and use-case development.

2021 Roadmap – Stellar

In addition, the Stellar Development Foundation (SDF) sets out a number of aims to increase the diversity of ideas.

To build technology, tools, and products that are solving problems all around the world requires us to be curious, rigorous, and creative in ensuring that we embrace and reflect the needs of the regions that we seek to support.

Stellar Development Foundation

Ever Developing, Ever Performing

Stellar Lumens had a fast-paced year in 2020 in terms of development, with a number of high-profile collaborations. In July, Samsung announced its Blockchain Keystore would include Stellar’s blockchain.

The integration allows Stellar users to store things such as private keys on several Samsung Galaxy products. This gives Samsung’s millions of global users direct access to XLM through smartphones.

Moreover, cryptocurrency exchange and wallet provider Abra, in whom the SDF invested $5 million, plans to use the Stellar network to provide banking services to clients.

The company’s CEO, Bill Barhydt, said the following about the partnership:

This allows consumers, for example, people who aren’t even familiar with cryptocurrency, to store dollars and earn significant interest on those dollars.

Bill Barhydt, CEO, Abra

XLM, Stellar’s native token, also performed extremely well over the course of 2020. It rose from $0.049 at the beginning of the year, to $0.31 at press time, an over 500% increase.

Currently, XLM is ranked 10th in terms of market capitalization.

What Next for Stellar?

Well if past performance is anything to go by, Stellar is set to have a busy but promising year in 2021. Taken with the growth ambitions and strategic pillars in the new roadmap, and things get even better.

Stellar might also benefit from the halting of partner interest in its main rival Ripple Labs, due to its ongoing legal woes. As both are payment network solutions, people often pit the two against each other.

Stellar’s supporters always point to its decentralized nature as the principal advantage. And with this under scrutiny at Ripple Labs, maybe Stellar can take the lead.

Disclaimer

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Emmanuel entered the cryptocurrency space in 2013 as a cryptocurrency broker. He is a crypto-enthusiast, entrepreneur, and investor, who has built and led several projects and communities in the space. He is CEO and co-founder of Provence Intelligence, a boutique crypto-consultancy firm that aims to bridge the gap between the cryptocurrency and DLT space and the traditional world. Interests include DeFi, non-blockchain DLTs, and the synthetic derivatives space.

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