Stellar Lumens (XLM) News, Price Predictions, Opinions and Analyses Created by Users

Stellar Lumens (XLM)

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Stellar Lumens (XLM) is a cryptocurrency made by Jed McCaleb and the Stellar Foundation in 2014. Stellar is often described as an open-source, distributed and community owned network used to facilitate cross-asset transfer. Its goal is to create universal access and participation in the global economy. The Stellar exchange has created functions that allow users to transfer crypto into fiat and vice-versa through the help of stablecoins

The inception of Stellar comes after McCaleb left Ripple, a company he founded, due to disagreements in the direction the network should head toward. After leaving Ripple, McCaleb went on to create the Stellar Foundation, which in turn created the Stellar network. 

XLM is the token behind the Stellar network and is often referred to as Lumens. It is often said that Ripple is a fork of Stellar but this is not entirely true Although Stellar may have started its groundwork from the Ripple code, the two codebases are now completely different. For example, Stellar uses a completely different consensus mechanism to Ripple. The key difference between the two is that Stellar is targeted towards helping individuals whereas Ripple intends to help banks. 

XLM operates on the Stellar Consensus Protocol which is basically a network of peers that are capable of running the Stellar Consensus Protocol independently. This method of operation, although not as decentralized as traditional Proof-Of-Work protocols, allows for a high degree of efficiency as it allows transactions to occur through a consensus process among accounts in a quorum slice (meaning only a slice of the network needs consensus for the transaction to occur).

In this tag you can discover Stellar Lumens (XLM) news, price prediction, opinion and analysis created by users.

The easiest way to get free cryptocurrencies X2

5 Jul 2020 1 minute read 1 comment Roberto D.

I have already talked about Rollercoin (link HERE), in short it is a sort of "mining simulator" that allows you to earn Bitcoin, Ethereum, or Dogecoin every time a blockchain block is mined in real life, I will explain myself better: Mining is based...

My first fifty, part 2: learning my way to $45

24 Jun 2020 1 minute read 0 comments Spitkitten

When I left you at Part 1, I'd made a tidy $20. At this point, I opened a CoinBase account. I don't adore having ten bazillion accounts, especially since, in the US, trading sites are regulated financial institutions (lite), and so I have to validate...

Stellar Lumens: Currently Worthless, but a Hidden Gem?

21 Mar 2020 2 minute read 22 comments Thomas Wolf

For a while now I've been considering the fact that Proof of Work (POW) currencies that are hardware intensive such as Bitcoin would one day be rendered obsolete by currencies that operate under similar principles but use far less system resources, a...

Stellar (XLM) Review 2020

29 Apr 2020 6 minute read 12 comments ChangeNOW

Stellar Lumens (XLM) is a decentralized crypto-based project that aims to make money move like emails. Its network has attracted the remittances world to move towards a space in which the position of sovereign currencies declined in favor of virtual...

PayPal will support cryptocurrencies, is it important?

25 Jun 2020 2 minute read 12 comments Roberto D.

The news is a few days ago but I preferred to wait to find out a bit more and to avoid a possible denial that would have made the article useless, however it seems (almost) certain that Paypal will integrate support for cryptocurrencies, but how? Acc...

5 things to know before investing in cryptocurrencies

1 Jul 2020 4 minute read 10 comments Roberto D.

Before investing in crypto, there are 5 things you need to know (and do) to not lose your funds. Unlike Fiat currencies (read: euros, dollars, pounds, etc.) if your cryptocurrencies are stolen there is no one to ask for help, but let's go in order. T...

Akon’s Crypto City Zeroing on Senegal — Akoin and the Aftermath

22 Jun 2020 3 minute read 4 comments cryptomagis

The versatile singer and rapper Akon is not a new name to every household by any means. The man has been a source of inspiration for many Africans across the globe, especially the African-American share of the population. His contribution to the deve...

What is Ripple (XRP)? [A Comprehensive Guide to Understanding XRP]

23 Oct 2019 9 minute read 9 comments Mr.CryptoWiki

Ripple and its token XRP, like Bitcoin and Ethereum and a few other tokens in the top 20, stand out in a market where every 3rd token appears to be a pale imitation of some token or other - whether it is a cross-border banking-focused token, a means...

Are cryptocurrencies the future of finance?

6 Jul 2020 3 minute read 2 comments Roberto D.

Cryptocurrencies are a thriving ecosystem, which has successfully invaded the territory of conventional finance. Over the past five years, Bitcoin users and transactions have experienced an average growth rate of nearly 60% per annum.Likewise, privat...

Full List of 2020 Stellar (XLM) Partnerships, Integrations, And Collaborations

2 Jun 2020 7 minute read 3 comments list3r

Stellar is one of the top altcoins that has been around since many years ago. Co-founded by Jed McCaleb, Stellar easily rose to fame in 2017, the same year where the cryptocurrency market reached its peak bull market. For your information, Jed McCal...