Stellar News

Stellar News

Stellar Lumens uses the ripple blockchain protocol for transactions although the primary objective behind its inception is quite different from the aim that Ripple has set for itself. This payment technology has specifically focused on the developing markets where the need for a blockchain-based decentralized payment platform is even more that what is experienced in developed nations. Lumen (XLM) is Stellar’s native cryptocurrency and is known to be one of the most versatile coins available in the crypto world.

The transaction approval mechanism adopted by Stellar is quite unique in its approach and entirely different from the one implemented by Bitcoin. In case of Bitcoin, the entire network is used to validate the transaction while in the case of XLM; only a part of the whole network is used for the validation purpose. This validation process called Quorum makes transactions swift and as a result the speedy implementation, completion of orders takes considerably lesser time than the case with Bitcoin and other altcoins.  No wonder, stellar (XLM) is the preferred choice among small- and medium-level enterprises, regional banks, local companies, and nonprofit organizations to carry out transactions.

Some of the prominent stellar lumens (XLM) news includes the association of the platform with the IT-major International Business Machine (IBM). The IBM uses the network of the stellar to carry out its transactions in the South Pacific Region. XLM prices keep experiencing considerable upheaval and the latest XLM news related to its valuation put the coin at 16th rank in terms of its total market capitalization. Just so you know Bitcoin is the largest crypto by market capitalization. News on Stellar Lumens attracts a lot of attention from investors that testify the importance the altcoin commands in the crypto sphere.