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.


European cryptocurrency, is it a good idea?

4 Jul 2020 2 minute read 2 comments Roberto D.

The idea is to create a European currency (based on the euro) in order to speed up transactions. According to many, the digital euro "represents an innovation in the financial field capable of profoundly revolutionizing money and exchange" and the ad...

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...

How I Earned $248 Doing Surveys And Received It In Crypto!

1 Jul 2020 2 minute read 1 comment Sapphire

Earning Crypto Outside Of Crypto A lot of people miss out on great opportunities to earn Crypto because they look only to opportunities within Crypto. There are a number of opportunities you can mold into Crypto money trees and Ysense is one of them!...

Akon's Cryptocurrency Billion Dollar Kenyan Tech City

20 Apr 2020 1 minute read 20 comments Abhi K

Akoin, the cryptocurrency launched by musician and philanthropist Akon, will be the primary currency of billion dollar technology city Mwale Medical and Technology City (MMTC), according to a press release shared with CryptoSlate on April 16.  The 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...

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...

The Market Dropped: Time to Buy in Again

28 Jun 2020 2 minute read 15 comments Thomas Wolf

It's been an odd day in the market, and not for the positive - unless you were looking to invest.Things were looking great, I went fishing, took a dirt-nap and woke up to a nice set of losses in my portfolios.  Luckily, I am far from done investing a...

Adjusting to the New Market, New World

6 Jun 2020 5 minute read 9 comments Thomas Wolf

I had to make some recent changes, in particular I gave up my XLM (Stellar) HODL'ings - I had done the same with my BAT about a month ago, but I was quick to recover those tokens and then some.  I'm not particularly happy about giving up my XLM tempo...

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...

The biggest important moves will happen this week on these crypto / BNB & XLM against BTC

12 Jul 2020 2 minute read 0 comments Crypto adict (Manu VZ)

BNB / BTC From July 4 until today the value of Binance Coin has increased 17% against Bitcoin. Occupying position # 9 in the Coinmarketcap ranking, with a market capitalization of 306,574 BTC and a Volume in the last 24 hours of 24,930 BTC. Today has...