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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

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HODLing Stellar Is A Good Plan For 2019

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HODLing
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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Reasons To Invest In Electroneum In 2019

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Electroneum
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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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STEEMIT Running Out Of STEAM?

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Steemit
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Has Steemit seen its glory days run dry? There have been many rumors that the CEO Ned Scott has pushed the company to the blockchain focus that he forgot about Steem being a social media platform. Now, these are just things some of the former employees have been heard saying, but it is a rather interesting take as to what is going on. Give the following video a watch where I break down what is happening with Steem. I also give my thoughts on what may happen to other large ICOs and how we may see this trend continue as we have seen with ConsenSys laying off 10% of their workforce.

If the big name projects are starting to do this will it also have a trickle-down effect on other ICO’s which have no products and are running out of cash? I definitely think so, and I also see this negatively affecting Ethereum for the mid-term. The question many have been asking is just how long can the bottom 1800 projects last with the current market conditions? How many ICOs did not liquidate their Ethereum and now are stuck with 1/10th the cash flow or more in some cases, how will they pay to continue operations? What about the growing number of projects laying off employees…

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