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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:

  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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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