What is Stellar Coin XLM

in #crypto6 years ago (edited)

What is Stellar Cryptocurrency - untitled.png

What is Stellar Cryptocurrency -
Stellar is a Cryptocurrency created for further expedite cross-asset transfers of value including payments. Made by the creator of eDonkey, XLM Cryptocurrency is an open-source, decentralized global financial network.

History of Stellar Lumens

Stellar was originally based on the Ripple protocol and model. Through a fork, Stellar was formed by changing the consensus code. This resulted in the Stellar Development Foundation coding a new consensus algorithm released in April 2015, and finally going live in November 2015.

Purpose of Stellar Lumens

Stellar was created to be a financial payment platform. Using Stellar Lumens one could move money across borders quickly, reliably, and for a fraction of a penny. By integrating into the XLM network, anyone can have access to an open, global financial network. Making everyone involved have equal access and economic participation.

Features of XLM

Low Transaction Fees - Micropayments

Stellar coin allowed an increase of productivity and decrease in the cost of smaller transactions. Having the option for Micropayments, merchants that use stellar can offer gradual payment options to customers.

Services For People With no Bank

Stellar cuts cost so anyone can bank new customers. That means that those of the unbanked can finally achieve a level of service typically only applied to the banked. From low-cost accounts, loans, and micropayments this can help people around the world.

Other interesting current events from XLM
https://www.coindesk.com/why-a-39-million-ico-chose-stellar-over-ethereum/

https://www.forbes.com/sites/cbovaird/2018/01/25/stellar-climbs-close-to-20-as-positive-news-extends-gains/

My personal opinion is that this coin is a great long term hold. Has potential to at the very least make well over current value, it has a great backing, coins with a direct purpose always end up doing well. The coin is a direct competitor to ripple and when you get two coins such as these to battle it out it tests the limits of each coins value.

If you found this article interesting and are interested in trading i supplied a link to Binance a crypto exchange which trades this currency feel free to click the link and get started.

My Link: https://www.binance.com/?ref=21230501

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OK - a basic article, but what's the point? You've just parroted everything that's already been said. What are you adding to the discussion?

The article was meant for information purposes. Also to show current events and if anything to start a basic thread of other peoples opinions. There was no intentions on this being anything more than a basic article. It was just to let a regular trader know this was a great coin and in a market full of FUD, panic selling and other wise fear of holding long term, that it was just a reassurance.

Fair enough - you do have a point. I guess the normal is important too. Sorry if I seemed snappy - got up on the wrong side of the bed; good luck man.

Thank you for your question. I appreciate the time of you reading this.

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