Stellar (XLM) Keeps Gaining Prominence, Awaits Altcoin Season
Cryptovest
Published Apr 13, 2018 07:30AM ET
Updated Apr 14, 2018 10:31AM ET
Stellar (XLM) Keeps Gaining Prominence, Awaits Altcoin Season
Stellar (XLM) keeps establishing itself as one of the leading platform coins, and moving up in market prices as well. XLM is up more than 14% in the last day in the green, at $0.24, having quite a few steady days of recovery against Bitcoin.
While the Stellar platform is not openly competing with Ethereum, the system is seeing renewed interest and a potential to serve as an alternative to ICOs and other projects seeking an ecosystem for distributed apps.
!Stellar!
The Stellar project competes with a promise for much faster transactions - an appealing proposition where it turns out on-chain transactions do not scale easily, and the speed of exchanges or distributed apps is still a factor for the commercial use of blockchain solutions.
But there is a severe criticism on how Stellar achieves this technological feat. The system uses anchors - issuers of credit within the Stellar ecosystem, which act like banks, and only issue a centralized balance. Of course, this is seen as contrary to the digital currency principle, where each asset is secured by cryptography and the system is trustless - there is no reliance on persons or entities to respect the balance, since it is automatically computed.
However, XLM remains among the speculative assets, and its relatively low price may be promising at this point, especially after the altcoin markets are going into a short-term recovery phase.
Additionally, the Stellar project has been rather silen on new developments, barring an upcoming address by the founder, Jed McCaleb.
https://twitter.com/StellarOrg/status/984495556742516736
At the moment, the XLM digital asset may enjoy the attention of Asian traders, but also the US-based community, through the availability on This article appeared first on Cryptovest
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