Why a $39 Million ICO Chose Stellar Over Ethereum - Deepstash
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Mobius Network has raised $39 million in its token sale, opting to use the Stellar network instead of the more popular ethereum.

Mobius Network has raised $39 million in its token sale, opting to use the Stellar network instead of the more popular ethereum.

Participants in the round included China's Angel Chain Capital, Nirvana Capital and WaltonChain, an internet of things (IoT) startup that is building devices to enable manufacturers and retailers to track supply chains, according to the firm's website.

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it was important for the company to come out with live code early, to prove the project was real.

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While latency or cost might not be a dealbreaker for some blockchain projects, they are for Mobius' use case. Its thesis is that traditional tech companies will soon want to integrate with cryptocurrencies and, eventually, a decentralized web.

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Trade-offs

Gobaud highlighted the problems with safely deploying smart contracts on ethereum. "They are Turing complete programs, but they are really hard to write,"

Stellar it's not Turing complete, for example, but Mobius is happy to make that trade-off in exchange for vastly faster and cheaper transactions.

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CURATED BY

decebaldobrica

#engineering, #machinelearning and #crypto

CURATOR'S NOTE

This is from back in 2017, I wonder if anyone would make the same trade offs today...

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