Crypto Asset Review : Stellar alias XLM
The valuation of Stellar has appreciated by 100 times in last one year.
What is Stellar in their own words
"Stellar is a platform that connects banks, payments systems, and people. Integrate to move money quickly, reliably, and at almost no cost."
Key Features of Stellar
- Stellar is based on a consensus algorithm rather than mining. This means transactions confirm in a few seconds.
- The supply of lumen increases at a fixed rate of 1% a year.
- Stellar aims to let you transact in your currency of choice (fiat or digital).
So this is more in competition with BTC, XRP, BCash, LTC kind of assets who helps to do financial x-border transactions. Their apeal is they do it fast and do it cheaper.
It does not compete with ETH, EOS, NEO, ADA, NAS etc on which one can launch their tokens.
How do they compare themselves with top 10 crypto assets
They achieve it through the implementation of lightening system originally proposed and still under discussion for Bitcoin.
Their product is live and is already used by large number of orgalizations listed here
Looking at their 2018 plans - Their product will become much improved by the end of 2018.
Below are all the available wallets on which you can store your XLMs
And the most important thing I always look at for any project is at its network activity. Their dashboard page is pretty neat. Below is a snap of the same.
Their consensus protocol is based on federated Byzantine agreement (FBA). FBA brings open membership and decentralized control to Byzantine agreement. Anyone can join. FBA determines quorums, or groups of nodes sufficient to reach agreement, in a distributed way. Each node decides which others to trust. Different nodes don’t need to rely on the same combination of trusted participants to reach consensus.
In principal it is still a centralized consensus protocol. And so not as safe as of Bitcoin POW.
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thnx for your kind and encouraging words. love u
Stellar has some work to do and is sitting in weekly demand. If order for price to move up, price must take out the buyers at $0.30 (green circle). Lets see if the low of $0.15 can hold. Target is $0.40.
Actually This is wrong: “ it is still a centralized consensus protocol.” In fact, it’s the first provably safe consensus mechanism that uses all 4 components at the same time. It contains decentralized control, low latency, flexible trust, and asymptotic security measures.
It could be just as safe as POW. The focused hard on this m.
not really - it is truncated decentralized - as i chose whom i trust and not all the nodes. So nodes that i trusted could ditch me and that is not safe
I’m not sure what you mean. I actually reached out to David Maziere (professor behind the new algorithm) before I threw down a lot of money and from what I gather this is system is well thought out and is provable safe. The questions I ask were high level otherwise I don’t he would have responded.
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Good share..thank you
thank you
https://coinmarketcap.com/currencies/stellar/#markets
They are listed in many exchanges and can be next big thing to Ripple.
Yes @sanmi. That is true. My objective is to share my understanding about key assets. Although Bitcoin is slow but I admire it because of its decentralization characteristic plus there is no owner whom anybody can threaten to ransom.
May be we should sell some Steem or SBD and exchange some XLM ?
The writers like you need the steemit community. By doing so you can succeed in providing us very good information. I am proud that I am part of this society. I read every article you need. And indeed I responded very much to you and your articles.
I know you can climb the highest mountains. Never lose faith in yourself. Good luck!
All the best for a bright future! May there be success at every turn of life and all your dreams come true!
This post has received a 30.02 % upvote from @boomerang.
Good information.
thnk u