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Proof Stellar (XLM) Is Greater Than Ethereum - Global Coin Report
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Proof Stellar (XLM) Is Greater Than Ethereum

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Stellar (XLM)
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The word on the street is that the collapse of Ethereum (ETH) is inevitable and it is only a matter of time before it all falls down like a stack of dominoes. One of the reasons that ETH is headed towards a Doomsday scenario, is the fact that there has been a failure to scale the network to deal with DApps that need the network to process more transactions per second than the current limit of 25.

Another reason that  ETH will die a natural death, is the fact that the gas fee on the network is high compared to others such as Tron (TRX) –  which has free transactions. The natural order of technology is that developers will choose to create DApps on cheaper and faster networks.

Ethereum developers are working on a way around all these issues. One of the most recent efforts is the agreement to postpone the Difficulty Bomb by implement new code in the next hard fork of Constantinople. This new code will keep ETH in the clear for about one and a half years further meaning it is not a permanent solution. This is where Stellar (XLM) comes in to play.

How is Stellar (XLM) Greater than Ethereum?

A team from the StellarX decentralized exchange recently ran their own at-scale load tests on the Ethereum network and the results were scary. The research they did revealed that Ethereum was being used by entrepreneurs for all the wrong uses. As earlier mentioned, high costs on the Ethereum network and slow performance cull the entire ecosystem.

One of the strengths of Ethereum, as highlighted in the report by the team at StellarX, is that if you are building a distributed computer program with no sole owner and no centralized decision-making apparatus, Ethereum was a great choice. One such example is the Augur project where you need a fully automated, ownerless way to make decisions about real-world events. This is done to circumvent regulatory enforcement which cannot pinpoint a central ‘bookmaker’ on the betting platform of Augur.

But many blockchain companies are using the Ethereum network for tasks it cannot handle to the desired expectation. Such DApps are for gaming, trading, finance, and others that need a high throughput with low transaction fees.

If it is such applications that developers want, then the Stellar network can provide the qualities needed.

The transaction fee on the Stellar network is considerably small when compared to that on the Ethereum network. There are two values used to calculate fees on the Stellar network: Base fee (0.00001 XLM) and Base reserve (0.5 XLM). The fee for a transaction is the number of operations the transaction contains multiplied by the base fee. This means that for the fee to total 1 XLM, it would have to contain 100,000 transactions. The cost of 1 XLM right now is $0.22. This is still cheap on the Stellar network.

When it comes to transactions per second (tps) on the Stellar network, the network has been known to handle 1,000 tps comfortably. This figure is 40 times higher than that of Ethereum at 25 tps.

Summing it all up, the Stellar network is a better candidate for DApps that require a higher throughput and lower transaction fees. Ethereum, on the other hand, has enjoyed the spotlight and perhaps this is why entrepreneurs keep using the platform for all the wrong applications. Some projects initially on the ETH network have migrated to Stellar after the developers realize the roadblocks on the ETH network as highlighted above. With time, this number of migrating DApps is sure to grow as the technical capabilities of the Stellar network continue to be known in the crypto-verse.

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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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Top 4 Cryptocurrencies to Bet on in 2019

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The crypto winter ended and Bitcoin is breaking through the $5000 resistance barrier and leading a general charge in bullishness among cryptocurrencies has seen more positivity in the market than ever before. However, before any talk of a crypto spring should start, we need to look at what happened during the winter.

Many different platforms were either fully released or improved upon significantly. There has been a surge of innovation and the crystallization of ideas. The market isn’t just about crypto trading or bitcoin trading; it has become more about what businesses will leverage blockchain in the best way. Investors need to look at what a coin offers beyond just being a cryptocurrency. What partners does it have, what is the long term plan and is it liquid enough?

Investing in altcoins has never been a better option than right now. The volatility index shows that the market is growing without having to rely on Bitcoin. While Bitcoin still determines and up or down trend, the altcoins do not follow this trend exactly. More and more tokens and coins are surviving and thriving on their own merits rather than riding in Bitcoin’s wake.

The four coins to follow are our pick for the top 4 cryptocurrencies most likely to give you substantial returns by the end of 2019.

Stellar Lumens (XLM): Cheap coin, and massive market to grow

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2019 Will Be a Big Year for Luxcore

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With the recent surge of Bitcoin in the last few weeks, many traders are hoping for a more profitable year than 2018.  Even if that comes to fruition, my advice over the past year remains the same.  Traders must look for companies and projects that offer blockchain solutions with real-world use and complete transparency.  One company that meets both of those requirements is Luxcore (LUX).

What is Luxcore?

Luxcore is a blockchain solutions and services ecosystem that focuses on developing security and privacy products.  The Luxcore platform utilizes the PHI2 algorithm powered blockchain to build a wide variety of product offerings.  One of the platform’s primary goals is to help close the gap between regular consumers and enterprise users by introducing specific use-cases for each group of users.

Exciting Roadmap for 2019

As mentioned earlier, one of the absolute requirements of building a successful blockchain project is to be fully and completely transparent.  Luxcore certainly meets that requirement with the introduction of their most recent roadmap.

The roadmap does a great job of showing which projects are in development, how far along each project is, and the expected completion date of each project.  With this, LUX traders and potentially interested consumers can follow along and monitor the status of projects that they are especially interested in.

Since many crypto projects have inevitably disappointed the market, offering…

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Can XRP Break Out of the Falling Wedge?

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XRP
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XRP is the third largest cryptocurrency by market cap, which currently sits at around $13.5 billion. The coin also has a price of $0.325316 at the time of writing, after seeing a significant price correction of 4% in the last 24 hours.

Just like many other cryptocurrencies, XRP has seen massive losses during the 2018 bear market. However, this falling wedge seems to have seen a real breakout in 2019, as the crypto winter started to let go, and a lot of coins saw significant price recoveries.

XRP’s falling wedge was much more difficult to stop, which can be seen on its long-term chart. But, the recent bull runs allowed numerous cryptocurrencies to finally see growth, and XRP is definitely one of them. The charts also show that the coin’s falling wedge has seen a breakout, which is an excellent thing for the future of XRP’s price.

However, for the coin’s price to truly turn and stay bullish, XRP needs to see larger volumes. The experts believe that this is the key for a new rally, one which would allow XRP to reach true recovery.

XRP price performance and predictions

As mentioned, XRP had struggled to start growing even when most other cryptocurrencies were drawn in a number of bull runs. While the coin has been acting the same as others until mid-February, it is clear that the…

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