At first sight, it looks clear that Stellar designed a plan, very carefully, to attract new potential users for 2018 and even further; and the truth is they are successfully making it.
The plan Stellar XLM has made represents a vast range for the future they’re envisioning; one where if you haven’t invested yet in their coin, you should probably need to reconsider it.
Do you want to see what strategies I am talking about? Let’s take a deeper look below:
Stellar takes advantages of Ethereum deficiencies
Even though the popularity of Ethereum has significantly grown, some of their primary processes are still misfiring, letting the coin stay with some vulnerabilities that somehow Stellar may efficiently resolve.
The major attribute that has created traction for Ethereum has been the smart contract concept; and according to different reports, at least 34,000 out of 1 million contracts downloaded were deficient.
It is like this that Stellar appears on the frame since the ICO of Ethereum seems to be needing a base transfer to a safer platform. And on the other hand, Stellar has one of the most reputed platforms at the moment, with the characteristic of the mega signature on the execution of a smart contract, a must in a 100% foolproof system.
Stellar plans to defeat Ripple in their own ground
The similarities in these two platforms are remarkable, on the one hand, they both offer the same service, cross-border currency transfer, and banking. On the other, both supply their users with a gateway to connect them with their respective Blockchain.
In short, both are fighting for the same user target, and at the end, only one will be the winner; a title XLM plans to obtain by using xRapid, xVia and xCurrent.
Stellar organizes win-win alliances in order to excel their service
Alliances are crucial for cryptocurrencies, and Stellar is in fact, taking advantage of it. The first partnership was with IBM and Deloitte, a delightful common work that allowed the users to be more confident while putting on a bet. Consequently, the American technology company, Stripe, endorsed XLM and decided to support the project widely.
At the same time, in May, Stellar will launch “Stellarport”, an exchange platform that will allow users to access new ICO coins in a real-time matter. It is expected from this, that Stellar may put to function on the platform the technology FairX from IBM, which will make trading transactions way faster.
New Technology deployed on the Stellar network
Stellar XLM is thinking of using Lighting network, a technology that will allow them to be able to manage a massive number of users without compromising the quality of transactions.
It seems like Stellar plans to learn from other’s mistakes, like the case of Bitcoin, that definitely was not prepared for the humongous amount of clients they received. Unlike them, Stellar, knowing that is right on track of making alliances to increase their users base, want to improve already the platform the clients would have to handle.
Stellar applying for a more global market
Stellar plans to expand on a global level, but in this case, they’re thinking of diving into markets unexplored someway. That is the case of the African market, one the most untouched financial environments in the world.
The strategy is to engage with all of the increasing technological population in the region, and all the people who live in the urban zones.
As a result, the company expects to fight firmly with other platforms such as MoneyGram, Western Union, and even the local M-pesa.
Summing up, all of the strategies Stellar is working on, tend to make the lives of the users more straightforward and favorable; and that’s something definitely people are likely to embrace, so as a consequence what we can predict for the future of Stellar XLM, is an incredible success.
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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.
Image courtesy of Rick via Flickr
Blockchain-Focused ETF Arrives on London Stock Exchange
The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.
While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.
The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.
Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…
Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?
Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.
However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.
Bitcoin as a divorce tool?
In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.
However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…
Three Biggest Things To Know Come Cryptocurrency Tax Season
In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.
These three tips should help anyone looking to legally report their crypto activity to figure out where to start.
Documentation is key!
There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting. Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.
Calculate your total gains…
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