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Interstellar, a company recently formed by¬†Lightyear Corp, has launched a demo of¬†Starlight, an implementation of bidirectional payment channels on¬†Stellar¬†(XLM) that functions similar to Bitcoin’s Lightning Network.

According to the announcement, the Starlight channels will allow Stellar users to privately send zero-fee transactions instantly.

Unlike traditional transactions on the Stellar network, which involves publicly publishing details of the payment and waiting for consensus to confirm the transfer of funds, Starlight works by locking funds in a secure channel where payments do not require the network and only settlement balances are revealed at the conclusion.

The demo released by Interstellar includes bi-directional channels, and only allows for the transaction of Lumens, a native asset to the Steller blockchain.

The Interstellar team notes that it plans to expand this payment platform beyond XLM, extending compatibility to other payment-channel networks including Lightning and Interledger.

XLM is currently trading for $0.2347 and has a $4.44 billion market cap, making it the 6th largest coin in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.

More: Starlight: Payment channels on Stellar
Related: Lightyear Acquires Chain Inc. to Migrate Businesses Onto the Stellar (XLM) Blockchain

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.



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