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Stellar Could Be the Next Big Thing In Cryptocurrency And The Future of Banking

Stellar is considered the best-performing cryptocurrency of this year.

Bitcoin talk has been all the rage last year, especially toward the end of 2017 but this year another cryptocurrency is making its way up the digital currency market. Founded in 2014 by Jed McCaleb, the same guy who founded another currency, Ripple, Stellar’s cryptocurrency value is surging. Jed McCaleb, an American programmer, is known for creating the peer-to-peer technologies eDonkey and Overnet, as well as the first ever bitcoin exchange Mt. Gox.

Since Friday, Stellar’s value soared to more than 65 percent by market capitalization. By Wednesday, the cryptocurrency landed on the 6th spot as the largest digital currency, with a market cap of $16.4 billion. Developed by a non-profit organization, Stellar is an open source blockchain targeting enterprise clients and financial institutions with high volumes of cross-border transactions.

It is believed that Stellar could be the next big cryptocurrency.

Stellar is considered the best-performing cryptocurrency of this year, according to Nasdaq. Stellar Lumens, between March 20 and Dec. 10, it’s gained over 6,300%! And about 150% for the first three days of January. This less popular currency took over litecoin, taking the 6th spot as the largest cryptocurrency value. The reason? Look no further than its blockchain.

The easiest way to get noticed by cryptocurrency investors and big businesses is to have blockchain technology that stands out. One of the more intriguing aspects of Stellar’s blockchain is that it has built-in smart-contract protocols. Smart contracts help facilitate, verify, or enforce the negotiation of a contract, ensuring the efficiency of peer-to-peer and business-to-business transactions.

Its protocol was based on Ripple’s but with a complete redo. The currency is called by its official name lumen, with XLM as its symbol. Stellar’s potential is apparent since it has shown it can be an excellent payment medium used by many people.

The currency also aims to provide hassle-free transactions and rising fees during that process — both of which are problems faced by Bitcoin when it was overhyped. The Stellar organization’s mission is to connect people to low-cost financial services, which will help everyone and especially the billions of under-banked people in the developing world. What separates Stellar from other cryptocurrency is that Stellar has already progressed far toward its goal of global adoption and continues at a fast pace. It has formed major business partnerships, including IBM, Deloitte, and Stripe.

With a focus on the un- and under-banked, especially in emerging markets such as Africa and S.E. Asia, it seems that “lumen” is a well-picked name for Stellar’s cryptocurrency, as creates a light at the end of a very dark tunnel for the poor of the world.

Stellar’s goal is to become a “one-stop shop” in the market.

Stellar operates a network using Blockchain, a revolutionary technology originally devised for the digital currency Bitcoin. But unlike Bitcoin, Stellar offers quick and cheap processing capability, with payment transactions expected to resolve on its network in two-to-five seconds. In comparison, cross-border transactions using fiat currency normally takes 3-5 banking days. Bitcoin takes about 1-4 hours and it costs too much.

With the kind of vision Stellar has for the future of currency exchange, we’re excited to see what 2018 and beyond has in store for the rest of us. We won’t tell you to put your life-savings into it, but it’s worth getting to know.


Bitcoin Will Certainly Become ‘The World’s Single Currency In 10 Years,’ Twitter CEO Says

In 10 years or less, Bitcoin could be the only currency used for global payments, Jack Dorsey believes.

With all the rage about cryptocurrency, particularly Bitcoin, it is no wonder that more and more people believe in its potential. And for Twitter CEO Jack Dorsey, Bitcoin could soon become the only currency the world will ever use.

During his interview with The Times on Wednesday, Dorsey said he believes the cryptocurrency will become the primary currency used globally for payments. He envisions this to happen in 10 years but he believes the transition could happen sooner than that.

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The 7 Best Dash Cams to Buy for Your Car in 2018

Are you in the market for dash cams? This list should help you out!

Unlike in the past, it now makes total sense to install a dash cam in your car. With all the acts of stupidity – some are even unbelievable, so to speak – on the road, keeping a visual record is only practical and necessary. As the name suggests, this device serves as video evidence of traffic accidents and can really help you big time especially in court.

With the ever-increasing popularity of dash cams, keeping track of what is best seems difficult. But worry no more – Elite Readers has compiled a list of best dash cameras in 2018. Not only will you learn the best ones, you will also know which are affordable and of good value.

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Futuristic Tire Concepts Designed to Revolutionize the Future of Mobility

These visionary tire concepts are designed to make mobility safer and more efficient.

Whether you are into cars or not, you know so well the importance of tires. Not only do they help you keep safe on the road, they guarantee you a smooth transportation. With technology’s never-ending advancement, it is no surprise that tires are now more capable than ever.

A video featuring different kinds of concept tires is making rounds on the internet. And judging by their looks, they could really change the future of mobility. With how cool and innovative they are, there is no reason for motorists to never desire them.

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