Stellar (XLM) is a unique cryptocurrency as it has no ‘real competition’. Some might consider Ripple (XRP) to be its rival, but that is simply not true.
Ripple is a cross border payments platform that empowers financial institutions whereas Stellar (XLM) is a peer to peer payments platform, cutting the middle man and allowing users to exchange value without third party involvement. In addition to that, Stellar (XLM) is also a smart contracts platform for ICOs.
Recently conducted Mobius ICO on Stellar (XLM) was the first of its kind and turned out to be a big success. While Ethereum (ETH), EOS (EOS) and Cardano (ADA) are fighting to become the best smart contracts platform, Stellar (XLM) faces no competition at what it is already doing.
This blockchain project has taken the game two steps ahead by being more than just a smart contracts platform. It means Stellar (XLM) has more latitude to prove itself in its predefined space as well as to formally venture into areas like smart contracts in the future with the help of IBM.
Stellar (XLM) is also expected to broker a deal with some central banks to encourage them to use the Stellar Blockchain if and when they start issuing their own cryptocurrencies. The likelihood of such institutions using the Stellar Blockchain is high considering Stellar (XLM) has one of the best performing blockchain in terms of scalability and speed. Read more from cryptodaily.co.uk…
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