4 Reasons Why is a Better Cryptocurrency than Ethereum
By on ALTCOIN MAGAZINE
Why could be a breakout project in 2019
There’s one project that I truly feel will be a stand out project going into 2019.
Despite it’s cheap price tag it has actually positioned itself as a potential competitor to Ethereum.
Before we look at the 4 things that give Stellar Lumens (XLM) a competitive advantage, lets look at it’s past price performance.
Stellar Lumens Price Performance during 2017–2018:
In early 2018, Stellar Lumens price had increased by over 10x in value in less than 6 months, this means:
- Someone who invested $100 last year in December would now have $1,000
- People who invested $1,000 last year in December would now have $10,000
- People who invested $10,000 last year in December would now have $100,000.
6 months before this, XLM had already increased 10x in value, so any amount invested in July 2017 would have grown over 100x, this means:
- If you had invested $100 last year in July, you would now have $10,000
- If you had invested $1,000 last year in July, you would now have $100,000
- If you had invested $10,000 last year in July, you would now have $1,000,000 ($1 Million).
And guess what? Before that, Stellar grew by another 10X.
At at the beginning of 2017 Stellar was worth only $0.001, which means it grew over 1000 times last year.
Anyone who invested only $1,000 in January 2017 you would now be a millionaire, without even doing anything else.
It is crazy how fast cryptocurrency can move and how projects like this can fly under the radar.
When the cryptocurrency market recovers we could due for another 10x price increase and here is why I believe so:
Stellar Lumens has some similar functionalities to Ethereum but it is faster and cheaper to use.
Stellar Lumens was created by the co-founder of Ripple, Jed McCaleb, this probably explains why the Stellar Blockchain boasts transaction speeds of 2 -4 seconds and transaction costs that are less than 1 cent, which is very similar to Ripple.
However one thing that Stellar does that Ripple can’t do is that it functions as a blockchain application development platform like Ethereum, this means:
- Decentralized Applications (Dapps) can be built on the Stellar Blockchain
- New cryptocurrencies can be created using the Stellar blockchain — the same way new cryptocurrencies can be built on Ethereum.
- Initial Coin Offering’s can be run on the Stellar Blockchain — there has already been a number of ICO’s running on Stellar, Mobius is one example. This positions Stellar as a rival to Ethereum and NEO.
Now here are the 4 things that Stellar can do, that cannot:
- Ultra-fast transaction speeds with an average transaction time of 2–4 seconds, which means you won’t be seeing any outages of delays like what happened with CryptoKitties on Ethereum.
- Ultra-low transaction costs which are only a fraction of 1 cent, that means you will never have to worry about high fees, even if the blockchain is congested.
- There are no miners, transactions are verified using decentralized servers, so again you do not need to worry about delays or high transaction costs since miners won’t be competing with each other once the blockchain has too many transactions.
- ICO’s are cheaper, faster and more cost effective to run — Since the Stellar network has very low fees and fast transactions it will be more efficient for businesses to run ICO’s on their network which will increase the demand and value of Stellar Lumens (XLM).
Stellar is also partnered with over 30 other banks including IBM and I expect to see at least a 10x return by the end of 2019.
Stellar Lumens (XLM) is currently worth about 20 cents ($0.20) and can be bought and stored on CEX using cash so investors do not need to trade BTC or ETH for it.
This direct access to Stellar will greatly help adoption and use of this cryptocurrency since investors or users can quickly buy the amount of Stellar they need without having to buy another cryptocurrency first and spending money on additional trading fees.
This project has a great team and a strong network that includes IBM, Stripe, Deloitte and ICICI Bank.
The technology, strong team and high profile partnerships could make this cryptocurrency a house hold name one day.
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The purpose of ALTCOIN MAGAZINE is to educate the world on crypto and to bring it to the hands and the minds of the masses. This article was written and composed by
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