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Stellar Lumens (XLM) – The future of asset transactions?

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One of the highly-regarded open-source projects today in the financial market is Stellar Lumens. This project is a distributed payment structure that helps to facilitate asset transactions efficiently and consistently, with just little charges by making use of a crypto-asset called Lumens (XLM). It is essential to keep in mind that this project has gotten immense support from financial institutions and Bitfinex already.

The way Stellar Lumens (XLM) operates is much alike with other decentralized payment systems. It includes a network of decentralized servers which are always renewed within two to five seconds. Another important feature of Stellar Lumens (XLM) which makes it different from other cryptocurrencies like Bitcoin is its consensus protocol.

Nevertheless, if you are looking for a bridge to give you solutions concerning the issues with traditional bank services such as the fees and quick access to other banking systems in the third world, then this platform is the right choice.

That is due to the fact that it also allows users to send their money to anywhere in the world with just a little penny as charge and this can be done within few seconds.

With these advantages, lots of investors and users are choosing this platform. As a result of increased patronage, XLM recorded an upsurge on its users all over the world last year.

The increase in the use of Stellar Lumens (XLM) has been as a result of its adoption from big financial institutions. Recently, Stellar got an excellent business collaboration with IBM, which is one of the biggest computer technology companies in the world today.

IBM has also been one of the major technology suppliers in the financial sector. Undoubtedly, this recent adoption by IBM will surely boost the future of XLM. Other companies that have adopted XLM are SatoshiPay, Kin Foundation, and BloomX.

Furthermore, another breakthrough of Stellar Lumens (XLM) is the support from NASDAQ, one of the prominent US stock markets. NASDAQ publically declared to the world that XLM is one of the twenty new cryptos to have the most significant potential growth.

That is exciting news for XLM, and it is undoubtedly going to boost the interest of investors especially when NASDAQ lists it as one of the digital currencies in its forthcoming cryptocurrency exchange.

There are also other major players that offer the same services as XLM, and XRP is probably its biggest rival. Both platforms are aiming to reach the USD 20 trillion annually in the market. Although XLM has a market cap of $5,348,989,965 (as of writing this article), there seems to be a potential growth of this cryptocurrency in the coming years.

In addition, XLM on its own is more decentralized than its rival. A good number of investors are taking their attention away from XRP due to the fact that XRP Foundation itself controls almost 60 percent of the digital coins.

When it comes to the price of Stellar, it has almost reached the bottom. In the market today, you will observe that it has been resilient in the XLM/BTC charts. Nevertheless, buying XLM right now may be really suitable, and it is currently traded at $0.28 (good chance to buy in bulk). Indeed, Stellar (XLM) has what it takes to break out from its current situation soonest.

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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.

Image courtesy of Pxhere.com

Blogs

Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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