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Stellar (XLM) Primed to Dominate Crypto Markets Moving Forward

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Stellar XLM
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Earlier on in the year, the team at Stellar (XLM) anticipated that the number of transactions on the network was going to increase in volume. This is an indicator that they probably had expected good developments with IBM such as the cross-border payments that aim to become near-instant thanks to the Stellar blockchain.

For Stellar to keep up with the demand of a high throughput on its network, the team at the foundation have plans to implement the Lightning protocol by December 1st this year. The need to scale is in tandem with the foundation’s goal of wanting Stellar to become the world’s digital payment rail thus setting the stage for a Stellar vs. Ripple showdown in the remittance industry.

Scaling through Lightning 

Lightning was originally proposed for the Bitcoin blockchain, but it has found its uses also on the network of Litecoin and Stellar by this December. Lightning works by allowing users to make off-chain payments through routers and hubs. This then means that Lightning can support cross-protocol payments from one blockchain to another. A user in the Bitcoin network can send to a receiver who wishes to receive XLM on the Stellar Network.

The developers at Stellar have been busy creating payment channels on other blockchains beyond Bitcoin. They include those of Ethereum and ZCash.

Stellar is Superior to Ethereum

In a recent post, Global Coin Report had highlighted that the Stellar platform was far more superior to Ethereum’s. Key to this argument was that the Stellar smart contracts were safer with a bunch of extra features such as multi-signatures, batching, atomicity, sequencing, and time-bound functions.

Weiss Ratings seems to agree with this conclusion when they tweeted the following concerning the Ethereum platform exploring scalability through ZCash’s ZK-SNARKS.

A form of cryptography pioneered by #zcash, named zk-snarks, might help scale #ethereum, By using the tech, #ETH can potentially scale up to 500 tps, without relying on 2nd layer solutions. That’s still way too slow – slower than #XRP, #EOS, #XLM, etc.

As earlier mentioned, the Ethereum network has been facing scalability issues that have been blamed for the recent decline of ETH in the markets. With ZK-Snarks, Vitalik Buterin concluded that the throughput of the network could be improved to 500 transactions per second.

Vitalik commented that:

We can actually scale asset transfer transactions on ethereum by a huge amount, without using layer 2s that introduce liveness assumptions (eg. channels, plasma), by using zk-SNARKs to mass-validate transactions.

Future of XLM

The crypto-markets seem to have regained some much-needed volumes since the weekend and at the moment of writing this. Bitcoin is trading at $6512 and down by 0.52% in the last 24 hours. Looking at Ethereum, it is still holding onto the number 2 spot with XRP not far behind.

XLM is currently valued at $0.257 and up 1.74% in the last 24 hours. This value could soon follow a similar trajectory as the one seen by XRP in the past few days. This is based on three factors.

Firstly, is the earlier mentioned news that the Lightning protocol will be implemented on the 1st of December. Secondly, the cross-border payments solution with IBM has been speculated to use XLM to source instant liquidity in a manner similar to how xRapid uses XRP. Thirdly, the recent acquisition of Chain by the Stellar foundation, and the creation of the Interstellar venture should be able to aid XLM to raise in the markets in the next few weeks.

What do you think is the future of XLM in the markets? Please let us know in the comment section below. 

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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.

Photo by Mar Cerdeira on Unsplash

Altcoins

TRON Ecosystem New Addition — CryptoDungeons

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CryptoDungeons
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According to the recent Medium post published by TRON Arcade, a blockchain-based RPG called CryptoDungeons is to become the latest hit on the TRON blockchain.

The announcement was published on February 8th, and it states that the CryptoDungeons TRON game is still in development. However, the team is preparing to announce a presale soon, meaning that the official launch is not far away.

About CryptoDungeons

CryptoDungeons was originally developed to be a part of Ethereum’s network. However, the team has decided to bring it to TRON instead. Soon enough, the fans of the game will be able to experience its story, universe, and characters on TRON blockchain.

The game is centered around Heroes who can be bought and used for exploring dungeons, crafting various items, gathering food, and alike. The game also offers five races for players to choose from — Humans, Elves Dwarves, Orcs, and Angels. Additionally, there will also be four classes, including Warriors, Mages, Rogues, and Priests. Each class will have its own unique abilities, with the Warrior class being presented as an example. The abilities that this class features include Strike, Heavy Strike, Shield Wall, Shield Slam,…

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Positive Crypto Price Trend Moves VeChain (VET)

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VeChain
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As many are likely aware of, the previous twelve months were not particularly friendly to cryptocurrencies, and there were two major market crashes since January 2018. However, it could be that investors’ wishes are finally coming true, as the market is currently seeing actual gains. While there is still no certainty regarding this behavior, investors around the world are finding the current development to be quite refreshing.

One interesting development that was noticed these days is the increase of VeChain’s price, which is seeing minor gains at this time.

VeChain (VET) price grows

While most cryptocurrencies experienced some extreme ups and downs during their lifetime, VeChain is usually surprisingly unaffected by the market’s behavior. In fact, its price chart typically shows no major changes, and it seems pretty flat in comparison to other cryptocurrencies.

While this may be a good thing, as the lack of volatility means that the coin is more stable than most, the fact that the price is usually not affected makes the current gains that much more peculiar.

In the last 24 hours, VeChain’s price has grown by 2.16%, placing its value at $0.00401120 at the time of writing. The growth is minor, and the coin’s value only increased by a fraction of a cent, but this is still not typical behavior for this cryptocurrency, which attracted the attention of analysts and investors…

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Altcoins

SOLVE Token Could Be A Huge Long-Term Winner

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Solve.Care
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A lot of articles have been written about an altcoin apocalypse.  With so many tokens entering the market, it is inevitable that not all of them will survive.  When trying to analyze pick out the best projects, the following criteria should be used:

  • Very active community
  • Strong potential for mass adoption
  • Valuable partnerships
  • Experienced leadership

If a project scores well in at least three of the above criteria, it’s a winner.  When it scores well in all four, it has the potential to be a blockbuster.  That potential blockbuster is Solve.Care.

Background

Solve.Care has developed a revolutionary platform that will significantly improve care outcomes by reducing healthcare administrative costs.  The platform will also go a long way toward eliminating a lot of the problems commonly seen within healthcare administration such as duplication, waste, abuse, and fraud.  I firmly expect Solve.Care to generate cost savings by facilitating peer-to-peer transactions that grant authority to stakeholders while empowering payers regarding cost control and oversight.

SOLVE token completed its token sale last year in May.  The company sold 350,000,000 tokens and still has 650,000,000 in its treasury.  The great news is that the token has been recently listed on both Bittrex and KuCoin, two of the largest and most trustworthy exchanges in the world.  Given the recent incidents, especially the Cryptopia hack, being on a trustworthy exchange is of paramount…

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