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 Basics of Crypto

6 Feb 2020 5 minute read 15 comments Dpl

The basics One of the first things I like to do when looking at the workings of a cryptocurrency coin is checking, not just the price but also the marker cap and circulation supply. We find our value in the price and we tend to stare ourselves blind...

Stellar in 250 words or less.

1 Feb 2020 1 minute read 8 comments MadMaxx

This is going to be quick. Stellar aims to fix the problems with sending money over long distances. Sending money over long distances brings about large fees and long waiting times. Stellar and the Stellar Consensus Protocol are out to fix this. Here...

Bitcoin and altcoins prices are constantly rising, and it will continue…

1 Feb 2020 1 minute read 0 comments CryptoArch

Bitcoin price has been steadily rising since the beginning of the year 2020 and has passed the level of $9,200 and $9,350.     Over the past few weeks, the price of bitcoin has risen sharply and surpassed the resistance levels of 9,200 and 9,250 USD...

The Gemini cryptocurrency exchange hires a new compliance officer in Europe

29 Jan 2020 1 minute read 1 comment Roberto D.

With a press release released a few hours ago Gemini, the US-based cryptocurrency exchange founded by the twins Winklevoss, said that it had hired Blair Halliday to head the office that will take care of European compliance and monitoring of cash flo...

The first Swiss private banking group launches a cryptocurrency custody and negotiation service

28 Jan 2020 1 minute read 2 comments Roberto D.

Julius Baer, ​​the first Swiss banking group in the field of wealth management (deals exclusively with private banking and managed savings for private and institutional customers) with a portfolio of 320 billion Swiss francs, has launched a cryptocur...

Japan's majority party will propose the introduction of a state cryptocurrency

25 Jan 2020 1 minute read 2 comments Roberto D.

Reuters, with an article published a few hours ago, reports that the ruling party in Japan intends to propose the issue of a digital state currency; about 70 MPs from the majority party are promoters of the proposal for the launch of a digital Yen. T...

Volatility and Correlation - A view of the past with a vision of the future

24 Jan 2020 4 minute read 1 comment Guillermo Escudero

In this market article we will discuss a concept that is heard a lot in financial markets and even more in the crypto ecosystem, which are volatility and correlation. We will see how volatile Bitcoin is making a comparison with three other crypto kno...

Institutional Adoption News: Grayscale Bitcoin Trust Becomes SEC Reporting Company

21 Jan 2020 1 minute read 0 comments zogintl

Today the Digital asset space has taken another step in its legitimacy among institutional investors. OVERVIEW:  Grayscale Investments , the world’s largest digital currency asset manager and sponsor of Grayscale® Bitcoin Trust* (OTCQX: GBTC) (the “...

XLM on Binance Futures!

20 Jan 2020 1 minute read 4 comments oceanloader4

Binance continue their mission to add a perpetual swap for all altcoins ever created   A week or so back Binance added a perpetual swap market for Litecoin (see my earlier post).   Now they've added Stellar Lumens (XLM) :https://www.binance.com/en/su...

Binance announced a permanent contract for XLM

19 Jan 2020 1 minute read 5 comments Blockchain

The latest information I received today on January 19, 2020 about Binance will launch a permanent contract signing for XLM / USDT and the open trade was announced at 3pm (  hours in my country )   on January 20. / 2020. Over the past few weeks, Binan...