STELLAR price, news and Forecast (XLM US DOLLAR)
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Week Ahead: Crypto market eyes a bullish turnaround Premium
A new week has begun, but crypto markets seem to be doing the same thing they have for the past few weeks – consolidate. However, this week will likely bring new opportunities as Bitcoin begins to show signs of revival.
Eigenpie announces EGP token airdrop for 100,000 centralized exchange users
Eigenpie is a SubDAO protocol, a multichain project that manages digital assets. The project focuses on staking Ethereum Liquid Staking Tokens (LSTs) like EIGEN and offers points to stakers.
SEC vs. Ripple lawsuit update: All related parties to file letters to seal motions and evidence
Ripple, SEC and any third parties are expected to file letters to seal proceedings and supporting evidence by Monday. Ripple CEO voiced concerns over the SEC’s treatment of the largest stablecoin, USD Tether.
Top AI tokens bleed despite reports of Apple closing deal to use OpenAI features
Apple has closed a deal with OpenAI to use the latter’s technology in its new iPhone, Bloomberg reports. The giant’s iOS 18 could come packed with ChatGPT features, per the report.
Bitcoin: Why BTC is close to a bottom
Bitcoin (BTC) price efforts of a recovery this week have been countered by selling pressure during the onset of the American session. However, the downside potential appears to have been capped.
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WHAT IS STELLAR?
According to the Stellar Development Foundation, Stellar is an open-source network for currencies and payments. It’s native token, XLM, makes it possible to create, send and trade digital representations of all forms of money — dollars, pesos, Bitcoin, pretty much anything. It’s designed so all the world’s financial systems can work together on a single network. Learn more in our Stellar lumens Guide.
The software runs across a decentralized, open network and handles millions of transactions each day. Like Bitcoin and Ethereum, Stellar relies on blockchain to keep the network in sync, but the end-user experience is more like cash — Stellar is much faster, cheaper and more energy-efficient than typical blockchain-based systems.
Characteristics of Stellar
Stellar (XLM) was launched in July 2014 as a decentralized open-source protocol to allow performing crypto transfers to fiat and vice versa.
- Decentralized control, allowing anyone to participate without a central authority.
- Low latency, reaching an unanimous consensus in only a few seconds.
- Flexible trust, the user is free to trust any combination of parts.
- Asymptotic security, avoiding 51% of the attacks based on digital signatures and hash families.
Differences between Bitcoin and Stellar
Which are the main differences between XLM and BTC?
- XLM transactions are faster than BTC.
- Transaction fees are lower on the Stellar network.
- XLM's supply increases annually at a fixed interest rate of 1%.
- Stellar network allows users to transact freely in their choice either with fiat or cryptocurrency.
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