Stellar price up 100% after protocol update

The system-wide update to Stellar Protocol 15 has provided a strong boost to XLM’s rally, pushing its price up 100% over the past 48 hours.

The upgrade coincided with the project team’s announcement of the completion of the new version of the protocol. The market reacted actively to this news, which led to a doubling of the cryptocurrency price since Monday and reaching the $0.2 level for the first time since September 2018.

The Protocol 15 update introduced two additional features that reduce the Stellar blockchain’s complexity when users are interacting with networked applications and services. These changes will not affect the project’s security level since the new algorithms will provide the same level of platform protection and will also be able to solve the main problems effectively.

The changes will allow developers to create simpler, more user-friendly applications that don’t depend on the network’s complexity.

A growing market responds well to technical cryptocurrency updates. On Tuesday, amid confirmation of the Ethereum 2.0 launch in December, ETH surged above $600 for the first time in 2.5 years.

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