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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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Altcoins

Top 3 Coins to Buy Before They Go Big

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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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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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IOTA
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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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