What is Stellar Lumens (XLM/STR)
“Stellar is a decentralized, hybrid blockchain that is fully open-source. It is infrastructure that exists to facilitate cross-asset transfers of value, including payments.”
Source
As one of top cryptocurrency within CoinMarketCap, Stellar Lumens become populat in crypto enthusiast world as it offered some advanced features.
Actually, Stellar is the hardfork of Ripple (XRP) as top ten cryptocurrency on CMC and have the largest number/amount among others. Stellar forked on 2014 from Ripple, as it earlier both of cryptocurrencies often to compared each others. What the most uniques and special within Stellar Lumens that you must know is their project that aims to offer everyone equal access to easy banking methods as its work globally, beside the transactions fee which very very very lowest prices on fees.
Stellar Lumens Work
As the features offered on their project, Stellar Lumens advancing their mission into banking method and payment system procedures, beside it also can perform the nature of cryptocurrency orientation (exchange/trading).
1. Money Payment/Transactions
Let say if you want to send money to your abroad friends or etc. All you need to do is maintain your XLM amount as it will send on the very lowest fee of transactions beside you can also use it as payment menthod within certain bank system. Each of the transaction fee costs 0.00001 XLM which is stated minimal amount to sent was 20 XLM to access the network. 1 XLM currently costs around $0.3
2. Forex Platform
Everyone knows Forex, so while you are on forex platform then you want to exchange any currency into XLM, you just headed straigth to do it, cause XLM can be used just as any other forex trading.
What is Stellar Lumens Offered and Solved The Blockchain Issues (Problem)
As we know, many of cryptocurrencies cost on their transactions fee was to expensives than the amount to sent. Just like Bitcoin (BTC) and many other more that stated the price on high transactions fees. Beside, the transaction time process which is need a lot of confirmation that spent your time for abot 30 minutes or more, and many other more issues.
As it issues being popular within blockchain, Stellar offer some advance methods that solved those issues as the following mentioned.
1. High Transactions Fee Solved
In XLM/Stellar transaction fee whether you want to withdrawl/sent your XLM it just spent 0.00001 XLM that you have, which is mean that was the lowest fee that I ever found on the blockchain. Beside the limit that you must have on XLM amount to withdrawl/exchange is only 20 XLM.
2. Settlement Time Solved
When you sent your BTC to another wallet, indeed you will need more time to wait rhe confirmation and received on the wallet addresed. Sometimes, its soent almost 1 jours or even worst more its neeed between 3 and 5 days to be settled due to the number of intermediaries often involved in the process.
On the Stellar network transactions,you just need to completed in 2-5 seconds time of confirmation, this is even faster than Ripple whose transactions take 5-10 seconds.
3. The Liquidity
The liquidity that soent more time to trade/exchange within certain blockchain. As Stellar can be used as a bridging currences, it will increase the liquidity and allows the trade to easily trade/exchange their XLM.
Final Prediction
As we knew, the cryptocurrency world are closed by the high fluctuates issues. So, my prediction on Stellar is more slightly if having chances of profit while you decide to have it as long terms investment but if you consider that you will used it as the bridge as the features mentioned above, you will enjoyed and feels how was Stellar really powerful and maintain you financial in normal and saved.
So, by the XLM price now for about $ 0.39 USD and in BTC currency are 0.00003 you can maintain you solution as the XLM as the bridge to manage your assets.
Think Out Box!
and
Thanks for Support
(If you feel this post worth to share and voted, then please suppot each other in building the quality and positive contribution on steemit, steemian)
