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Here Is Why Stellar XLM Is the Silent Ethereum Killer

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Stellar XLM
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Ethereum (ETH) has literally taken a beating in the crypto-markets. We had all hoped that the King of Smart contracts would survive above $300 and were crossing our fingers that it would not see anything less. But what happened, is that ETH touched its lowest value of the year just yesterday on August 13th. This value was $259. The last time ETH was at this level, was actually almost a year ago on the 7th of August 2017.

Looking at the charts at coinmarketcap.com, we see that Stellar XLM has just made an entry into the top 5 coins by edging out EOS. The fact of the matter remains that XLM has declined less due to a weak BTC, than any of the other top 10 coins.

XLM edges out EOS on coinmarketcap.com

The reasons why Stellar XLM is on a path to greatness is the continual developments that continue to be supporting the project. We have the recent news of Coinbase planning on adding XLM together with the digital assets of ADA, BAT, ZRX, and ZEC. This has boosted the visibility of XLM that has up until now, been a coin not many considered as being stable enough to be an investment option. XLM might be a safer bet than ETH henceforth.

There is also the IBM partnership that Stellar XLM has that has resulted in IBM running 9 Stellar nodes to settle cross-border transactions for IBMs partners that include global Central Banks. There is also the tokenization of Carbon Credits that will be done on the Stellar blockchain as well as a Stable coin that will be pegged to the USD. Both these projects have IBM at the center of it all. There is also the contract IBM got to develop blockchain solutions for the Government of Australia that puts Stellar at a great spot for adoption into those solutions.

So how is Stellar (XLM) becoming the slow Ethereum (ETH) killer outside the markets?

Last year saw the boom of ICOs in the crypto-verse that accepted ETH as a source of funding. This then led to the demand of the digital asset and in return, it skyrocketed. Most of these projects built their projects on the ETH platform. Since then, the ETH network has proven to be congested and having security vulnerabilities leading more recent projects to look to other blockchain platforms to create their projects on.

Stellar has been stacking up on these projects without much buzz being made about it. They include the following projects:

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  1. Veridium
  2. IBM’s stable coin
  3. Stellarport Decentralised Exchange
  4. Stronghold
  5. Tempo
  6. Satoshi Pay
  7. Open Garden
  8. TillBilly
  9. Slice
  10. SureRemit
  11. Smartlands
  12. Chynge
  13. Ternio
  14. Mobius
  15. REM Loyalty

These projects have chosen the Stellar XLM blockchain smart contracts due to the following reasons:

  • Multi-signatures – concept requiring signatures of multiple parties to sign transactions stemming from an account
  • Batching – the concept of including multiple operations in one transaction
  • Atomicity –  the guarantee that given a series of operations, upon submission to the network if one operation fails, all operation in the transaction fails
  • Sequence – Utilizing sequence numbers in transaction manipulation
  • Time-bound functions – limitations on the time period over which a transaction is valid

These additional benefits of the Stellar XLM Blockchain can be summarized by the Co-founder and CEO of Mobius, David Gobaud who 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].”

Summing it up, Stellar has proven to be a more stable cryptocurrency than Ethereum during periods of market decline. This has then led to the further realization that more and more blockchain projects are choosing Stellar over Ethereum for the development of there projects and tokens due to the benefits outlined above. We can then conclude that XLM is indeed a slow Ethereum killer.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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ZCash
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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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