Stellar Lumens Daily Update

I've recently invested in Stellar Lumens.
For those of you who don't know what the hell they are let me explain.

Stellar Lumen was built by the man behind Ripple, Jeb McCaleb.
Jeb left Ripple because of irreconcilable differences in the direction that Ripple was going. He left and spent his time building Stellar lumens. The thing that makes Stellar different is who the target market is. Ripple is aimed at banks while Stellar is aimed at the unbanked of the world.

Stellar has about 4 second delay and essentially non existent fees for transactions.

What makes Stellar special is that any currency or token can be built on Stellar. For example, if I wanted to use euros to buy something and the person selling the product uses dollars, we could use the Stellar system. This would exchange my euros into Stellar on my side and it would then be used to give the appropriate amount of Dollars to seller.

To give a better explanation of the system, here is Jeb talking about how it works.

Also, here is a link to the Stellar whitepaper. https://www.stellar.org/papers/stellar-consensus-protocol.pdf

The growth of Stellar has been spectacular to watch too. Stellar was worth $0.005 on Monday 1st of May. By Monday the 17th of December it hit $0.27.

Stellar is currently at $0.22 after the Bitcoin correction we saw earlier this week.

As of today 27/12/2017 9:20 GMT, Stellar is currently number 15 on https://coinmarketcap.com/

Stellar is also backed by a number of partners such as IBM and Stripe and has been chosen by KIK for their ICO since encountering problems with the transaction times of Ethereum.

Ladies and gentlemen this coin is one to watch and I will be posting daily updates on the price right here, @MadMan198

EDIT with thanks to @benv
Must also be added that Stellar uses its own SCP (Stellar Consensus Protocol) which requires no mining so is far less wasteful than PoW (Proof of Work) alternatives. It's also very low latency as the consensus process takes place every 2-5 seconds so transactions are extremely fast; this explains why it would be in the interests of large retail and cross border payment companies to utilize the Stellar network.

Thanks for reading, and don't forget to give this article an upvote!

@MadMan198