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Stellar is a decentralized blockchain-operating value founded by Jed McCaleb. McCaleb was also a co-founder of Ripple, so these two currencies share more than just a couple of similarities.Stellar is a payment technology that aims at creating an easy way of making transactions between multiple users set on a decentralized ecosystem. With this idea, XLM is even using the same protocols as Ripple. However, the similarities between the two make different ways after 2014 when Stellar launched SCP, which is a protocol that changed the way Stellar works.Now, Stellar is an open source system, Ripple is dealing with a closed source, which is at the same time the main difference between the two. Moving forward from the story about the differences between Ripple and Stellar which were both developed with the help of McCaleb, Stellar is focused on the idea of enabling fast and cheap global payments for the developing countries as well as for people who don’t own a bank account.Unlike many other altcoins, XLM is not taking advantage of miners for their need of approving transactions. So, instead of having miners within the network to approve transactions, XLM is using the FBA protocol.With FBA algorithm, Stellar has enabled fast transactions and prompt transaction approvals. This is the case because this algorithm uses only fragments of the network at the time.Stellar also uses smart contracts for more thorough legal binding, just like Ethereum, which additionally raises its technological and practical value.Since Stellar has the required technology to support these demands, it is no surprise that this currency had an amazing rise in its price at the beginning of January 2018. At that time Stellar was dealing at over 1$ per one unit, which was at the same time a value multiplied 15 times in oppose to XLM’s previous price.
Stellar is a seemingly great coin. I think it will rise a few months from now.
QuoteStellar is a decentralized blockchain-operating value founded by Jed McCaleb. McCaleb was also a co-founder of Ripple, so these two currencies share more than just a couple of similarities.Stellar is a payment technology that aims at creating an easy way of making transactions between multiple users set on a decentralized ecosystem. With this idea, XLM is even using the same protocols as Ripple. However, the similarities between the two make different ways after 2014 when Stellar launched SCP, which is a protocol that changed the way Stellar works.Now, Stellar is an open source system, Ripple is dealing with a closed source, which is at the same time the main difference between the two. Moving forward from the story about the differences between Ripple and Stellar which were both developed with the help of McCaleb, Stellar is focused on the idea of enabling fast and cheap global payments for the developing countries as well as for people who don’t own a bank account.Unlike many other altcoins, XLM is not taking advantage of miners for their need of approving transactions. So, instead of having miners within the network to approve transactions, XLM is using the FBA protocol.With FBA algorithm, Stellar has enabled fast transactions and prompt transaction approvals. This is the case because this algorithm uses only fragments of the network at the time.Stellar also uses smart contracts for more thorough legal binding, just like Ethereum, which additionally raises its technological and practical value.Since Stellar has the required technology to support these demands, it is no surprise that this currency had an amazing rise in its price at the beginning of January 2018. At that time Stellar was dealing at over 1$ per one unit, which was at the same time a value multiplied 15 times in oppose to XLM’s previous price.