Greetings Steemers, after a short break, we continue with the articles. This time we talk about cryptocurrencies. Today we could see the big jump of Bitcoin, at this time worth $ 6,939. As we said in the previous article about cryptocurrencies, Bitcoin is not dead, nor is it a balloon that will crack at some point. The same is higher for other altcoins that have some relative value. Of course, this jump does not necessarily mean that the bullrun started, but we are sure that the beginning of it is getting closer or maybe already started. Of course, we'll see this in the coming days, weeks and months. With this article we will begin to write about altcoins that have real use value. Again, it's not financial instructions. The information you will read in the text is informative. Take decisions yourself! We'll start with altcoin Stellar (XLM), you'll get interesting information about it, hopefully it will help you in the future if and when you invest.
Source: https://www.stellar.org/brand-policy/twitter_avatar/
About Stellar
Stellar is a platform that allows you to almost instantly exchange cryptocurrency between yourself and fiat money. At the moment, the network capacity is about 2000 transactions per second, where each transaction is carried out in 4-5 seconds. This project was created by Jed McCaleb as a branch from Ripple, where it was supposed to eliminate its shortcomings: closed source code, a significant concentration of funds in the hands of Ripple foundation (centralization of the network). The project has an integral Lumens cryptocurrency, which is a by-product and is used as a means to transfer tangible assets and commission fees. The price in the network is minimal and total only 0.000001 Lumen (at this price of XLM it is practically free). However, this cryptocurrency has a certain feature - it has inflation, which is ramped up by 1% per year, that is, 1 billion new XLM tokens will appear every year. With this project, world companies such as IBM, Deloitte, Stripe already cooperate. In addition, many banks are interested in using the Stellar, because their transactions can be freely transferred across the borders of states with minimal commissions. The main convenience of the project is that is possible to make transactions by one cryptocurrency or fiat and to receive the currency that is needed, while instant conversion between the selected currencies.
Conclusion
Stellar is one of the few that already connects the world of cryptocurrencies and traditional assets, it is thanks to this aspect that Stellar ranks 6th in terms of capitalization among the entire cryptocurrency market. Exchanges - Binance, Bitfinex, Bittrex and more.
We hope that the article will at least help you in understanding the cryptocurrencies, in this case, the Stellar project. Once again, this is not advice nor recommendation to buy or sell anything! It can only help you as informative content. Write us your comments and opinions, help us in future work.
Written by: @atimk23
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