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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.

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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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Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Where will Tron (TRX) be when we land in the same month next year?

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Tron TRX
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The volatility of the crypto market has made it quite difficult to predict the outcome of what prices will become. To predict the prices of cryptocurrencies, various factors and characteristics are used to forecast whether a cryptocurrency will come up with a bull run.

The price of altcoins is significantly affected by the rise and fall in the Bitcoin price. In other words, if there is an increase in the price of BTC on a given day, there will be a high tendency for other altcoins to follow the same trend.

Concerning Tron, the market activity of Bitcoin has also affected the price of TRX lately. If that is the case, what will be the price of TRX before the year runs out and even next year? Well, we will be using various factors to predict the price of TRX in a year time or so (after seeing the recent market pickup).

The expected value of Tron TRX in a year or so now?

On a positive note, Tron has released lots of projects to aid and benefit its users worldwide, ever since the launch of its MainNet. Even recently, the blockchain announced another mega project known as Project Atlas. Despite the start of these projects, there hasn’t been a significant change in its price until recently. It is essential to know that even when these projects were getting launched, its price kept depreciating.

There aren’t any upcoming projects on…

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Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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