Stellar Lumens Blockchain and XLM Cryptocurrency is a Top 5 Altcoin: Here’s Why
Why Stellar XLM Is The Best Top 10 AltCoin
Stellar XLM is the 6th biggest cryptocurrency and one of the best-performing ones in 2018. Its goal is to connect payment systems, banks, and people in a more efficient way, and make the payment processes faster and easier to do. In fact, its protocol is specially designed for making international payments faster, and more efficient.
Given below are a few reasons why Stellar is one of the best top altcoins to invest in.
More Than A Million Active Accounts
Stellar cryptocurrency platform has attained a striking milestone of 1 million active accounts, according to charts from stellar explorer. Along with the million marks for active users, the network also boasts over 25 million payments, 8 million trades, and 3,300 crypto assets on the ledger.
Partnership With IBM
Stellar has become pretty close with IBM, and the two have made a lot of progress on multiple mutually-shared initiatives. IBM uses XLM for the firm’s blockchain solutions in the real-world setting, and the partnership has led to a lot of development in cross-border payments.
IBM has also revealed plans to create their personal token, Verde, which will hopefully suggest that the firm will use Stellar as a primary bridge asset in the UPS, their joint venture. What Stellar is getting in return is 8 validating nodes, and their tech used for their own customers.
Stable Coin Friendly
Stable Coins tie themselves to assets in the real world to reduce the volatility. The best-known one being Tether, which is tied to the US dollar. another stable coin, US Anchor, doing the same and doing it through Stellar’s network. This coin is being launched by a startup going by the name of Stronghold.
IBM itself is also involved in this project, with the goal of exploring the use cases that stable coins can bring up. However, many are wondering if stable coins might hurt Stellar’s potential to serve as a bridge asset.
Stellar XLM Allows ICOs
Ethereum has grown to be a second largest crypto for a reason, and that is its ability to raise funds through ICOs. Now, Stellar hopes to do the same. However, Stellar is hoping to do things a bit differently.
It doesn’t require gas for a program executing, and its transaction fees are extremely small. This makes it very attractive for developers, especially since gas prices on other blockchains have grown to be very expensive.