benchmark Stellar Lumens

in #cryptoowls6 years ago (edited)

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Stellar Benchmark 100000 is the maximum score

trust (Max 50000 points)

marketshare

This crypto asset will be used for cross-border payments. Points rewarded: (10000/10000)
Stellar lumens is a company that is similar to Ripple however considered more decentralized and open source. A good comparison between the two can be found here.
Stellar is a not for profit organisation and the founder who(m) also founded Ripple and Mt.gox. Stellar provides more utility as XRP in terms of becoming an ICO platform that is quicker then ETH.

partners

I rated the partnerships of this crypto asset as 8 out of 10! Points rewarded: (6000/7500)
The company Ripple wins here, although Stellar Lumens has some amazing partnerships with IBM. More partners found in this source

transparancy

This crypto asset is transparant. Points rewarded: (7500/7500)
It is clear that XLM will be used in the Stellar network as a cross border payment bridge currency. However there are doubts as to whether banks may create their own
currencies and copy what XLM or Ripple is trying to do. I am not sure if this is feasible and whether there is any point for banks to do this.

developers

I gave the developers 10 out of 10! Points rewarded: (7500/7500)
Development poitns will be scored separately based on github event activity! source

legality

This crypto asset is seen as a store of value, like cash. Points rewarded: (7500/7500)
Like Ripple a store of value. source

first mover

This crypto asset was not first in, with it's idea. Points rewarded: (0/2500)
Ripple was first in. Stellar is a fork of Ripple.

years active

This crypto asset started 4 years ago! Points rewarded: (1111/2500)
no elaboration required

competitors

The top 5 competitors of this crypto asset are: XRP/IOT/ETH/EOS/ADA

technical (Max 25000 points)

decentralised

I rated the decentralisation of this crypto asset as 9 out of 10! Points rewarded: (5625/6250)
It is clear that XLM is more decentralised than XRP in terms of it's consensus protocol and how the nodes agree upon work being done.
Quantifying decentralization is harder then people think, often not easily answered in one go.
The nakamoto coefficient shows how decentralization could be measured.

future proof

This crypto asset is future proof. Points rewarded: (6250/6250)
source. The article suggests that XLM is better scalable then Ripple. Although further research on this point is worth it.
More research is required though as I have not been able to find information about it being scalable for the future

governance

This crypto uses Stellar consensus protocol. Points rewarded: (5000/5000)
source and here an explanation on how the consensus protocol works.

uniqueness

I give this crypto asset a uniqueness rating of 8 out of 10! Points rewarded: (3000/3750)
It is based on the initial Ripple protocol, it is run by a non profit more open source, more decentralized organisation. source

working product

This crypto has a working product. Points rewarded: (2500/2500)
source. IBM is already using the product for cross border payments.

eco friendly

This crypto asset is environmentally friendly. Points rewarded: (1250/1250)
There is no mining, source.

properties (Max 25000 points)

fees

This crypto asset has extremely low fees. Less than 0.01$ cent per transaction. Points rewarded: (7500/7500)
source Fees are only to avoid network spamming. Fees will remain low. source

max trans per sec

This crypto asset has more than 1K transactions per second. But has a limit. Points rewarded: (4688/6250)
Around 1000 to 10000 tx per second source

transaction time

This crypto asset has a very low transaction time. Less than 10 seconds. Points rewarded: (5000/5000)
Around 3-5 seconds. source

fungible

This crypto asset is not fungible. Points rewarded: (0/3750)
As long as the crypto asset is easy to trace it won't be fungible.

traceable

This crypto asset is very easy to trace. Points rewarded: (0/1250)
source. There are some solutions already that involve trusting 3rd parties to hide your identity. However stellar itself is not private.
The Lightning Network which they are intending to use in the future will help with the issue of private transactions.

total trans per day

This crypto asset has more than 100k but less than 500k transactions per day. Points rewarded: (938/1250)
source Around 200k transactions per day.

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Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
ADACardano0.158$-2.67%-6.64%
EOSEOS10.392$-1.17%-4.49%
ETHEthereum525.229$-1.99%3.89%
XLMStellar0.228$-2.46%-3.98%
XRPRipple0.534$-1.27%-3.62%

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