Stellar XLM has been around since 2015 when it was first launched as an ICO, and during the period of three years, the team behind XLM has managed to push Stellar Lumens to the spot number 6 on the official ranking list.
Stellar counts over 4.4 billion dollars in market capitalization, attracting new holders, investors and users with a bold claim to be one of the fastest performing digital assets currently available on the market. Speed isn’t all Stellar Lumens has to brag about, so here are three solid good reasons why Stellar XLM should be considered as a fine addition to your investment portfolio before it takes off to the moon.
Stellar Lumens: Fast Transactions and Low Fees towards Mass Adoption
Stellar XLM is presented as a digital asset, Lumens (XLM), and a decentralized platform, Stellar, made to present a new era of financial systems. The tea behind Stellar re-imagined the original crypto Bitcoin while aiming at creating an asset that would perform better and process transactions faster while being able to move value as fast as we move information across the internet.
Unlike Bitcoin that uses Proof of Work protocol, Stellar uses Byzantine agreement, also known as Stellar Consensus Protocol, which is the precise factor to have conditioned fast and cheap payments via Stellar ledger. Unlike Bitcoin that can take hours to process transaction while having high fees for transaction validation through Proof of Work protocol, Stellar takes seconds to process your transaction while posing low fees.
Stellar works through connecting servers on the Stellar network, that way establishing communication between servers that further works on confirming the validity of each transaction prior to processing payments, which makes this decentralized experiences near-flawless.
Stellar is also showing great performance in the market as well, even despite the frequent market dips, having been noted a jump of 931% over the course of a single year while presenting a hack-proof and spam-free network that XLM holders and investors can take advantage of.
Since Lumens XLM makes up for a neat everyday global payment method, which brings it closer to the point of being massively adopted as an alternative payment method in oppose to traditional financial systems, also making it one reason more to consider owning XLM.
Stellar XLM and Partnerships
Another good reason to make any crypto investor consider Stellar beside the evident fact that Stellar XLM is progressing in the market while pushing Litecoin down to the 7th spot on the official ranking list is the wide range of integral partnerships that Stellar has acquired over the years.
Of course, one of the most important partnerships that provide an insight of how far can XLM go is Stellar and IBM agreement, where Stellar will be utilized as a hosting network for the “first crypto dollar” that IBM team has announced a month back.
The tech giant doesn’t seem to be the only company noticing the full potential of Stellar Lumens, so the team behind XLM has also made agreements with Veridium as a part of the IBM agreement, while it also partnered up with payment services like Tempo from Europe and Satoshi Pay, which carries a great potential for the further adoption of XLM.
Besides from the above-mentioned partnerships, Stellar has also acquired partnerships with Stronghold, Smartlands and more companies that should lead XLM to mass adoption, making it a more valuable asset in the market as major partnerships can often represent a clear indicator of the potential an asset can reach.
Stellar Lumens Developments: SDEX and Lightning Network
If anything can push a coin up, its properly integrated updates and the readiness of the dev team to work on further technological improvements. As far as the XLM team concerned, Stellar Lumens pays great attention to the technology behind Stellar, which in the first place makes XLM one of the most unique assets.
One of the most prominent developments made by Stellar Lumens is SDEX, the Stellar Decentralized Exchange, which seems to be one of the factors to be pushing Lumens up the charts.
The team is offering 2 million dollar grants for partners that are ready to support SDEX, while they are planning to make a highly competitive exchange with decentralized nature and lowest fees possible while implementing unique features to improve end-user experience.
While also working on improving the support of the Stellar network as an addition to this highly functional platform, Stellar Lumens is also working on making nodes more independent regarding the way the platform is operating, that way bringing a fully decentralized platform that makes up for a self-sustainable ecosystem.
Last, but not the least, Stellar is utilizing the Lightning network, primarily designed for Bitcoin, but used by other currencies with the purpose of finding the quickest path for validating transactions, making XLM transactions faster and cheaper, and Stellar network more scalable, while holding a massive potential for mass adoption, which is the primary goal of all major cryptos, like Stellar Lumens XLM.