Stellar is an open-source distributed payment network, capable of connecting banks, payment systems with users, aimed at facilitating the trading of currencies and assets such as BTC. Stellar is also a blockchain platform that allows developers to build applications, products or tokenize assets on their platform.
Essentially, Stellar was a fork from Ripple in 2014 because Stellar was still based... More
Stellar (XLM) has been gaining a bit of momentum lately (date of writing 29 June 2023). Still 89% down from its ATH of $0.9381, it is currently at $0.1023 which is 2.66% up from yesterday and up 21% from the previous week.
I suspect some of this price movement is due to some recent, exciting developments connected to the project.
The promise of XLM is fast, cheap, person-to person transactions.
Well guess what? There's already a coin for that. It's called Litecoin. LTC is already integrated into most crypto wallets and accepted by almost every exchange. There's no reason to use XLM.
More importantly, I see XLM as XRP (Ripple) lite. If you look into the agendas that Ripple is pushing, like CBDCs, it's not pretty.... More
Not to be overly pessimistic, but will Stellar survive another bear market and recover?
I attached some screenshot that list how much revenue is obtained from fee from various dapps and protocols, as you can see ETH generate massive income, even more than BTC. Meanwhile stellar generate almost nothing. This income is obtained from the following website https://cryptofees.info/
EOS is another layer1 that used to be big, and is basically slowly dying. I don't expect EOS to survive another bear market and truly recover. I think stellar is unfortunately in the same category.
If you look at a similar chart for ETH, you see that every bull run, ETH all time high is increasing, not the case for Stellar or EOS.
Ah, interesting project. I'm familiar with Stellar as a competitor to Ripple, and with both cryptocurrencies in the spotlight, it seems they are set for another battle. However, I believe Stellar has the upper hand.
While Ripple may have more fame, it's not necessarily for the better reasons. Although they have similar blockchains, I find Stellar to be more reliable and offering more value.... More
I was first introduced to Stellar through Coinbase when I was presented with reward options. Stellar immediately caught my attention, and ever since, I've become a supporter. While I'm still learning about the intricacies of the project, one thing is clear to me: Stellar is doing something right.
I might be considered a newbie when it comes to understanding all the details of this project.... More
Everyone likes to compare Stellar + Ripple but apart from having the same project founder, Jed McCaleb, operating in the realm of money transfer on DLT without mining, I believe these two projects have distinct differences + completely separate goals.
Some of these main differences are:
Stellar is a prominent open-source distributed payment network that aims to facilitate seamless connections between banks, payment systems, and individual users. Its primary goal is to enable efficient currency and asset trading, including popular cryptocurrencies like BTC. Additionally, Stellar serves as a versatile blockchain platform, allowing developers to create various applications,... More
Through my recent updated research on the Stellar project and considering the insights shared by other analysts within the Cyrator platform, my perspective on $XLM has now shifted and I no longer consider it a strong buy for my portfolio. While I have always preferred $XLM over $XRP, certain factors have now influenced my decision.
One key concern for me is the relatively low transaction fees... More
Stellar and Ripple has always been spoken about hand-in-hand due to having the same creator (Jed McCaleb), but the main difference being Ripple targeted towards institutions, and Stellar targeted towards individuals. However due to the SEC lawsuit, most people have forgotten about Stellar (on top of it falling off the rankings) so it is great to see that the project is being spotlighted.
Stellar... More
Stellar (XLM) is a decentralized peer-to-peer (P2P) system established in 2014 by The Stellar Development Foundation. It first came onto my radar years ago due to its ethos of boosting financial inclusion by reaching the world’s unbanked.
With people in developing nations still at its core, its primary objective is to facilitate global financial connectivity by establishing a standardised... More
The Stellar community stands out for its high level of engagement and collaboration. Across various social media platforms including Reddit, Telegram, Twitter, as well as its own Stellar Development Foundation, XLM supporters actively participate in discussions, share insights, and offer assistance to fellow community members in the Stellar universe. The community has a positive and inclusive... More
Stellar is a blockchain platform that aims to facilitate fast, low-cost, and efficient cross-border transactions and facilitate the issuance and management of digital assets. Here is my opinion on the Stellar blockchain:
Stellar stands out as a promising blockchain project with a strong focus on financial inclusion and cross-border payments. Its technology and features make it well-suited for... More
Stellar is a blockchain network that enables its users to store and transfer currencies. Its network does this by leveraging anchors. Anchors are financial institutions such as banks and fintech companies that issue fiat currency like the Dollar or Pound for example. These anchors integrate with Stellar to facilitate the movement of the fiat currencies between traditional banking systems and the... More
The appointment of Denelle Dixon as CEO of Stellar in 2019 has always raised some questions for me. Dixon's background primarily lies in law, having worked at Folger Levin & Kahn LLP as an Associate and later as a Partner. She also held positions at Yahoo, Terra Firma, and Mozilla Corporation, where she eventually became the Chief Operating Officer over a span of ten years.
While Dixon's... More
On-chain activity refers to transactions and other actions that take place on a blockchain network, such as the transfer of cryptocurrencies or the creation of smart contracts. On-chain activity is often used as a measure of the overall health and usage of a blockchain network.
In the case of Stellar Lumens (XLM), on-chain activity can include the transfer of XLM between wallets, the exchange of... More
Stellar XLM is among the top 30 coins on coin marketcap (CMC). The growth and steady adoption of Stellar Lumens (XLM) has been growing steadily over the past few years. There are a number of factors that are contributing to the increasing adoption of XLM, including its fast and low-cost payment capabilities, its interoperability with a variety of financial systems, and its decentralized and... More
The beauty and core functionality of Stellar Lumens (XLM) lies in its ability to facilitate fast, secure, and low-cost cross-border transactions. XLM is designed to be an efficient and scalable payment network that can be used by individuals and financial institutions alike. Some of the key benefits of XLM include:
Decentralization: The Stellar network operates on a decentralized, open-source... More
