3 Reasons Why Stellar Lumens In An Incredible Cryptocurrency

1. Stellar Lumens vs Ripple

Stellar Lumens is a hard fork of Ripple XRP, which makes it really similar to Ripple only it doesn’t just work for the banks but also for the people too. The Stellar community is a non-profit organization and it was made to serve people in the first place. Before you decide whether you invest in Stellar or no, there are a few things you need to know. One of the fascinating aspects of Stellar is that it has built-in smart contract protocols and they are the same protocols that helped make a test version of Ethereum’s blockchain through the Enterprise Ethereum Alliance.

      2. Partnerships

They’ve partnered with IBM and opened a major opportunity to potential XLM users because; more businesses from the developing world try to find a way for their projects to be funded. Behind Stellar is the same blockchain technology as is behind Bitcoin. The difference is that Stellar can process transactions in 2 to 5 seconds and also allows all users to make a quick exchange of government currencies such as Euros or dollars. Also, because of Stellar’s partnership with IBM, there is a huge chance of using Lumens to process more than 60 percent of all the cross-border payments. Experts believe that because of its decentralized nature and nonprofit organization, Stellar can be the next great thing.

      3. The Protocol

There are some elements of the original Ripple code that are now part of Stellar, but, codes weren’t copied literally although there are some great similarities. Both of them use a distributed ledger technology so they can track accounts and offer currency support. Stellar’s protocol is called Stellar Consensus Protocol. This mechanism is able to solve problems through reaching consensus in the network itself. Stellar Lumens is made to target individuals. It is focused very much on improving and developing their technology rather than achieve great name and become extremely popular with all of the financial institutions.