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Can you pick one among Ripple (XRP) and Stellar Lumens (XLM)?

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Ripple Stellar

I assume that you have already heard about Stellar Lumen (XLM) and Ripple (XRP), but my concern is maybe you are unsure how they compare. Well, if this is the case, you do not have a case to worry.

That is one of the most contested questions in the cryptocurrency space as both blockchain technologies share similar attributes, and today, we are going to try an demystify the similarities and dissimilarities between these two virtual currencies and blockchain technologies.

By the way, did you know that both Stellar Lumen (XLM) and Ripple (XRP) share the same person as their creator? We shall look into this later on the article.

Anyway, to assist in laying the foundation, we are going to look and explain how these crypto platforms work followed by an overview of their main differences.

With the modern age and the current trends in technology, cryptocurrencies have significantly evolved making it the most known modern way of financial exchange. To keep pace with these recent trends so many programmers are coming up with the most useful programming languages to enable ease of the financial transfer.

Even though there are so many modes of exchange, only the best are allowed in the market as each programmer comes with his very own best-known way. The only way one can get profit or market share based on the fact that the introduction of the languages used now should be better than the one used before it.

Due to these technological changes, programmers are working day and night tirelessly to improve the different current versions of their projects or instead create a new model on its own which is better and can also utilize in the financial sector with ease.

For these reasons, so many programmers are coming up with ideas to solve the situation, and the co-founder of Stellar Lumens (XLM) and Ripple XRP is no exception. Jed McCaleb who founded Ripple way back in 2013 introduced Stellar into the market.

Ripple was implemented by two programmer’s Jed and his partner with the aim of making the profit. Although Ripple works a bit like Stellar (XRP), they have some fundamental similarities like both using decentralized systems to control and can be controlled by the programmers who founded it (allegedly). In the case of transaction fees, the system uses ledges which take some small amount of money (cents) to process.

The model created and delivered to the market has to perform excellently and meet the standards of the market. Consequently, the anonymity, and in any case, the increase in security when one is transferring the money is very paramount.

Stellar has been consistently doing well in the market and competing favorably with other currencies globally.

Coinbase in one of their tweets introduced five major currencies into the banks and circulation. Coinbase official press release said:

“Today we are announcing that we are exploring the addition of the following assets to Coinbase: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX)”

This statement tells us how famous and competitive Stella has grown to be.

Most people were amazed by the speed of Stellar Lumens and in particular was Wessrating, a company that tries to rate this type of currencies. In the tweet, Wessrating was recorded saying,

Wessrating tries to agree how fast in speed and excellent Ripple is as it has created a session for the world to debate and explore more on it.

Stellar can also be used across the borders as transfer to border payments was launched sometimes back which are contrary to ripple that does not allow transfer to border payments.

The Chief Executive officer of BitGo custody provider, Mike Belshe in their launch also included Stellar Lumens to their custody support. BitGo custody provider is a company which deals with insurance and security of some crypto coins.

Although Ripple and Stellar have consequently decreased in their price index over the weeks, an individual’s choice of whether to go with Ripple or Stellar relies wholly on them.

But due to all the advantages named above, Stellar would be one of the most secure, fast and useful types of cryptocurrency to use in the market. And of course, Ripple is making great waves too, so choosing only one among the two is tough.

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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 Waldryano/Pixabay

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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