Nov 24, 17 / Sag 20, 01 10:24 UTC
Re: Solar (SOL/XSO) (Asgardian Cryptocurrency) ¶
In response to the recommendation by @sleipnir1981 about using the Ethereum network as a base and issuing the currency as an Ethereum smart contract, I would recommend against the use of Ethereum for several reasons. While the Ethereum block-chain is superior to others in production where the support for complex contracts is concerned, it is slower than other available options like the Stellar block-chain and the cost per transaction is significantly higher. Additionally if not properly designed, an Ethereum smart contract could lead to disastrous consequences as has been the case with several ethereum-based ICOs this past year.
As recommended by @cedced999 the Stellar block-chain is in fact a superior choice for issuing a new token, not only because it's faster and easier but as a developer who has chosen Stellar's block-chain over the likes of NXT, the Ethereum virtual machine and others, I can offer my professional recommendation that we use the Stellar block-chain based on the built-in support for a decentralized exchange, a faster more scalable network and a host of built-in security and authentication features that make it easier and safer to manage newly issued tokens.
Furthermore, my company will be launching a new neo-banking and payments platform in 2018 in 26 countries with support for 29 currencies including 14 crypto-currencies. As a citizen of Asgardia, I would like to contribute my skilset to the development of the Sol and when it is ready, we can add support for it as the 15th crypto currency bringing the number of supported currencies to 30.