StellarX Review, Tutorial and Walk-through

in cryptocurrency •  6 years ago 


On today’s episode of The Cryptoverse…
I would like to walk you through what I have discovered about the brand new stellar x exchange simply by reading the official announcement and then playing around with it.
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●▬ Sources ▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
Stellar X Marketplace:
https://www.stellarx.com

Official Release Notice
https://medium.com/stellarxhq/how-stellarx-will-take-over-the-world-119e280e09fc

Stellar Network Website
https://www.stellar.org


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XRP is just a market Hyped crypto, XLM have huge potential than XRP in future people and financial institution will switch to Stellar Lumens because it is decentralize and more transparent than Ripple.

The thing which impressed me a lot about Stellar is to remove poverty by providing low cost financial transaction, If you look team behind the stellar they have expert almost from all field of technology.

Truly an impressive platform with a great user interface! I think the biggest feature you demonstrated is the fact that it ties directly into the Ledger hardware wallet which provides great utility and security while transacting. The use of 3rd parties does concern me a bit but I guess that will be improved as liquidity is achieved going forward. Thanks for giving a quick review!

Great piece on StellarX, Chris!
It's interesting that more blockchains are creating P2P/exchange marketplaces to purchase/sell these assets in a more decentralized manner.

Should be interesting to see where this goes once more assets are integrated into the exchange!

#curation #beyondbitcoin #cryptocurrency #business #blockchain

I was checking out Stellar X last night. I understand it a little better now from this video. Not sure if I will use it. I'm so use to Binance. I appreciate the info and tutorial. Thanks again Chris!!!!

I love competition to drive innovation and lower prices. This is great way to open investments globally with reduced costs. But, I am not clear on how to get comfort the 3rd party actually hold the underlying asset. Sounds like I need to do a bit of reading to see how that that works.

I'm not sure how we validate the issuers either at this stage.

I'm not sure how we
Validate the issuers
Either at this stage.

                 - marketingmonk


I'm a bot. I detect haiku.

  ·  6 years ago (edited)

StellarX uses Changelly as our cross-chain exchange provider. They convert your funds to XLM at the best rates by bidding out your order worldwide. They charge 0.5% for the conversion. StellarX takes no fee.

huh this is just some UIA exchange with a centralized party to convert some crypto. not even open to gateways

edit: running on a private blockchain.

They call the gateways 'issuers'.

good post keep it up