Dedicated to all those who didn't manage to buy Ripple.
🙂🍷
Stellar is a real-time currency trading platform founded in early 2014 by Jed McCaleb and Joyce Kim as a fork of Ripple's cryptocurrency payment platform and initially ran on a protocol of the same name.
XLM is one of the few cryptocurrencies that is used in the real sector of the economy, not just for speculative purposes.
The direction of the project’s development is finance and cross-border transfers.
It is important to distinguish between 2 concepts: Stellar and XLM:
Stellar is a distributed ledger on which the entire infrastructure is built. It is the foundation, with its own rules and algorithmic protocols, the software on which the use of native coins and everything else related to the ecosystem depends.
XLM is the native coin in the Stellar blockchain. It provides liquidity within the ecosystem and pays for network fees for transactions. It is traded on Binance, Coinbase, OKX, ByBit, KuCoin, and other cryptocurrency exchanges, and has high liquidity on them.
The transaction fees in the network are 0.00001 XLM (thousandths of a cent).
Transaction confirmation time is 3-5 seconds.
The network throughput is around 1000 transactions per second.
In the early stages, Stellar operated on the Ripple protocol; it was a modified copy of the blockchain, but later David Mazières created a new protocol specifically for the Stellar blockchain.
The essence in one sentence — Ripple is a platform for banks and corporate clients, while Stellar is for creating Central Bank Digital Currencies in the future!!! and remittances for retail customers.
At the time of writing this article, the market capitalization of XLM is 16 billion dollars. Stellar ranks 16th in the cryptocurrency rankings.
In my opinion, XLM is a good coin for long-term and mid-term investments.