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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.


Ancient 99-Million-Year-Old Frogs Look Just Like Modern-Day Toads

Frogs will always be frogs, whether they were born today or in the Cretaceous Period.

The world is filled with exciting new discoveries from ancient times. Scientists have just uncovered evidence that frogs roamed the Earth during the Cretaceous Period about 100 million years ago. Interestingly, these ancient toads seem to look just like their modern-day descendants.

A new report confirms that scientists have found four frog fossils in northern Myanmar. The tiny bodies were encased in amber and offer a clear glimpse at what tropical rainforests looked like in the Cretaceous Period. In any case, the discovery is groundbreaking since frogs rarely become fossils.

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Elon Musk’s Flamethrowers Get Misused On Social Media Despite Strict Terms & Conditions

What better way to start a particularly hot summer?

There is little doubt that Elon Musk's flamethrowers are the hottest new commodity right now. After all, the fiery device produced by The Boring Company have just been sold out. However, it looks like consumers have already started misusing the dangerous product despite its lengthy terms and conditions.

The Boring Company finally rolled out Not A Flamethrower at a celebrated pick up event held at the company's headquarters. People who had pre-ordered the gadgets were given a chance to sample the power of the flamethrower on unfortunate marshmallows. Although safety was reinforced during the event, things took a dangerous turn once everyone got home.

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NASA’s Curiosity Rover Finds Ancient Organics On Mars, Possible Life On Planet In The Past

The new discovery might confirm life thrived on the Red Planet billions of years ago.

Curiosity has made an exciting discovery on the surface of Mars. The rover has just found possible evidence of life on the planet billions of years ago. NASA might not quite ready to confirm that creatures once roamed the Red Planet. Nevertheless, the agency believes that the findings could mean positive things for future missions.

The NASA rover has found organic molecules in sedimentary rocks near the planet's surface. These molecules may contain hydroxen, carbon, oxygen, and nitrogen and are usually associated with life. However, their presence in the billion-year-old rocks does not confirm life on Mars just yet.

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