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| STELLAR DOLPHIN (XDM) |
Forking a crypto blockchain is gradually becoming a common phenomenon in the crypto world. After Bitcoin Cash’s successful fork in 2017, there have been a series of forks. In order not to get too ahead of ourselves, let us first understand what fork in cryptocurrency actually means.
Basically, forking is more like branching out of the original crypto blockchain. This split could either be backwards compatible, in the case of a soft fork or non-backwards compatible, in the case of hard forks. For hard forks, there is a complete split, with no more affiliation to the original blockchain, while for the soft forks, the new chain is not completely independent from its parent chain.
Stellar Dolphin is presenting itself as an upcoming hard fork of Stellar Lumens (XLM). It’s making the rounds on social media, seeking pre-sale investors, and promising an airdrop at the end of the month.
Hard forks often occur as an update to an existing blockchain. The majority of a coin’s miners agree on new features, rendering the old version of the blockchain obsolete. Everyone must upgrade their software to support what is, for all intents and purposes, a new cryptocurrency with an old name.
Projects will give everyone quite a lot of warning before such a hard fork occurs. Stellar has made no comment on Dolphin, meaning that Dolphin is certainly not a majority-based hard fork.
However, Stellar and many other cryptocurrencies are open-source and can be hard forked at any time by a minority of users. The fork simply won’t replace the existing coin and blockchain, and will (more often than not) become worthless.
Stellar is a young cryptocurrency, but we only need to look to Bitcoin to see how hard forks can play out: Bitcoin Cash was a hard fork that had support from only a minority of miners. It did not replace Bitcoin, but it turned out to be legitimate, and is the most successful Bitcoin spinoff to date.
Meanwhile, other hard forks, such as Bitcoin White, have turned out to be scams, and some, like Bitcoin Gold, merely failed. In other words, Dolphin could be a legitimate coin, a scam, or a well-intentioned failure.
Stellar Dolphin is a project created on the open source code of Stellar Lumen that has been researched and designed, and has developed a reference implementation of a self-sustained, self-governed, self-funded blockchain ecosystem. It also improves the security of the ecosystem of crypto industry by improving smart contract development methods and environment, protection from memo spam transactions.
Another goal of Stellar Dolphin is the implementation of experimental protocols, which are a combination of core features implemented in smart contracts and merged protocol level configuration.
An important point is the ability to implement key platform features using built-in mechanisms: i.e smart contracts. Stellar Dolphin aims to standardize protocol for a governance system and a development funding mechanism based upon smart contracts.
In addition, Stellar Dolphin token, XDM, launched open pre-sale. You can buy now XDM at a low price and get them to your wallet after fork at https://stellar-dolphin.org/sale. Stellar Dolphin sells up to 20 billion of XDM to the early investors at a favorable price, which will be enough to support XDM to be listed on big exchanges and bring some liquidity. The price of XDM would be: 60 XLM per 400 XDM
The initial total supply is about 100 billion XDM. Each XLM holder receives 1 XDM for each 1 XLM , total 69 billion XDM, and another 31 billion XDM is reserved for late development and foundation operation by the team.
For more information, you can visit the following links:
Stellar Dolphin Social Accounts
Telegram group: https://t.me/stellar_dolphin
Twitter: https://twitter.com/stellar_dolphin
Author: Binar Bumi
Bitcointalk Username: binar234
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2053245
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