On the 3rd of August, our affiliate publication of Ethereum World News had highlighted 12 projects that were using the Stellar (XLM) blockchain. These projects were being highlighted for the simple fact that not too many crypto-enthusiasts were talking about them. Then included the projects of: Veridium, IBM’s Stablecoin, Stellarport Decentralized Exchange, Stronghold, Tempo, Satoshi Pay, Open Gardon, TillBilly, Slice, SureRemit, Smartlands and Chynge.
What then proceeded is that our readers pointed out that we had left out 2 vital projects that were indeed utilizing the Stellar (XLM) blockchain. One comment from the aforementioned article stated the following:
Top of your list should include TERNIO.
A second would highlight another project:
Why would you leave out the two most obvious stellar based projects: Ternio and Mobius?
Therefore, let us explore the two projects of Ternio and Mobius and why they chose the Stellar Network to further their development rather than the Ethereum platform.
Ternio provides the only scalable and decentralized blockchain framework that has been known to handle over 1 Million transactions per second.
It is a multifaceted blockchain network utilizing an internal blockchain called Lexicon based upon Hyperledger Fabric for immediate smart contracts and transactions of advertisements, a communication layer for ultra-fast data transfer, and Ternio blockchain (token) built off of Stellar (XLM).
The Ternio project is geared towards solving the problems of the digital advertising industry hence the need for the high throughput of 1 Million transactions per second. It is a complex and ever evolving environment for advertisers and publishers alike that allows them to navigate easily. As a matter of fact, the name Ternio means ‘A Series of Three’. Thus catering for all 3 aspects of the digital advertising ecosystem: User, Publisher and Advertiser.
Ternio has achieved the following within a single lightweight blockchain: speed, scaling, transparency, payments, invoicing, fraud prevention, programmatic advertising and the capability of advertisers to be directly connected to publishers.
Turning our attention to Mobius.Network, the project chose the Stellar blockchain over Ethereum’s for its ICO back in January.
Co-founder and CEO David Gobaud explained why they chose Stellar over ETH:
We realized there was no way that ethereum could handle our technology. It was too slow, too expensive and too insecure. … We see all these other projects with these immense problems.
We think we’ve uncovered this underutilized, really unknown technology [of Stellar]
Mobius integrates the old internet with the new decentralized internet of value. It integrates the blockchain ecosystem into Apps. Its simple public APIs abstract away the underlying complexity of blockchain integration and development so that any developer can build modular constructs on the blockchain without specific domain expertise.
It is simply developing innovative and simple protocols that will easily connect every developer and billions of people and devices to the blockchain ecosystem.
Mobius already has a decentralized app store.
In conclusion, Ternio and Mobius are 2 projects utilizing the Stellar blockchain and in ways not too many crypto-enthusiasts are aware of. The Stellar blockchain has proven to be superior to that of Ethereum through these two projects and will perhaps attract more projects in the future, to its platform.