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Stellar (XLM) Primed to Dominate Crypto Markets Moving Forward

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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

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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