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

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Stellar XLM
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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

TRON Partnership Involves Cloud Computing

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TRON partnership
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It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

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Bitcoin

Will Ripple (XRP) advocacy hike affect bitcoin dominance of China?

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Ripple
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Currently, China is leading in Bitcoin mining industry by far, second to none for bitcoin mining power. Literally, it’s contributing over 70% of the network’s hash rate (a term that is used in describing the total processing power of a blockchain network). But how Ripple fits in here and what it has to do with that? We’ll talk about that a bit later below, let’s cover some in-depth facts about China’s dominance over Bitcoin first.

It’s a near-complete dominance by China on the BTC mining grid that has made it responsible for mining a majority of circulating bitcoins. A Beijing-based company, Bitmain Technologies, is highly responsible for extracting the significant part – more than half of the globe’s bitcoin, and alone, it has approached 50% of the total hash rate more than once.

The fact that China is controlling a majority of Bitcoin hash rate, clearly tells that it has the power of manipulating or merely destroy the bitcoin network if it gets enough support should it decide to take such a move. Therefore, this has led to serious concerns among countries including the US that China might get an edge in this cryptocurrency industry and possibly becoming a potential threat.

China is the biggest manufacturer of Bitcoin as well as cryptocurrency mining equipment. The reason behind the massive growth of mining farms in the country is because of cheap electricity bills.

Furthermore, the country has adopted several…

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Altcoins

Ravencoin (RVN) Surges Following Binance Listing

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Ravencoin
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While most cryptocurrencies today still remain unstable and at the edge of falling into the red, there are some coins that are doing significantly better. One such coin is Ravencoin (RVN), which has surged by over 26% in the last 24 hours.

About Ravencoin

Ravencoin came to be as a hard fork of Bitcoin and was inspired by a popular book series-turned-television programme, Game of Thrones. The coin’s developers decided to make Ravencoin an open-source project that provides users with the ability to declare assets on their platform. The platform itself is decentralized, transparent, and secure.

Just as Game of Thrones’ ravens are used for spreading the news and truth, Ravencoin hopes to become a carrier of truth regarding the ownership of assets on the blockchain.

Ravencoin’s main use case is for performing P2P transfers, while it prioritizes security, autonomy, user privacy, and control. Additionally, as a coin fighting for truth and transparency, it also stands against censorship.

Ravencoin got listed on Binance prior to MainNet launch

Following the last week’s announcement that Ravencoin is getting officially listed on Binance, the world’s largest cryptocurrency exchange ba trading volume, Ravencoin experienced a large price surge. At one point, the surge took the coin’s value up by over 31%. At the time of writing, however, the coin is still growing, with an increase of 26.15% in the last 24 hours.

Getting listed on Binance has brought Ravencoin to the top…

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