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Stellar Lumens (XLM) recently announced that at Malaysian digital token issuer, PinkExc is planning to move to the blockchain from their current Ethereum one. The company also informed that it will soon replace PinkExc and therefore will run on Stellar blockchain. In the message they are said to be the decision two to Stellar blockchain technology being able to meet their needs. It is a faster, cheaper and more reliable asset value transaction token.
Company made the official announcement on their official Twitter page. it stated: "Malaysian token issuer to move from Ethereum to Stellar. PinkExc currently operates several cryptocurrencies teller machines in the country, and hosts an online exchange. The project utilized blockchain to raise fund for expansion, besides as a utility medium for transactions ".
While the company confirmed that Ethereum blockchain is simple and fast to create ERC20, it still requires measurable efforts to work on it. "ETH had a solid development team but Stellar has evolved much more than Ethereum. Stellar offers built-in capabilities that support multi-signature authorizations, generate dividends and limit. Most importantly, Stellar features a decentralized exchange where any token issued through. , Means the newly issued tokens can be traded in one day.
More from Stellar Lumens (XLM)
Earlier, Stellar reported that at Canadian exchanger, National Digital Asset Exchange Inc. (NDAX) had listed XLM on their platformer. They made the announcement on November 28 which stated that the platform will be offering XLM / CAD trading pair. In addition, the company The deadline for free transactions is January 31st next year.
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