Will Stellar tackle Ethereum's place in the crypto-currency industry

Will Stellar tackle Ethereum's place in the crypto-currency industry

March 14, 2018

Many are wondering if Stellar (XLM) will become the second Ethereum. Some experts in the field of crypto currency forecast success for the development of Stellar, which in 2017 achieved a huge increase in 41,900% and slowly rise to the top.

Konstantin Richter, CEO of Blockdaemon, suggested that Stellar's blockchain could be integrated into their project in the near future.

He hinted in his interview on favorable prospects for the crypto currency. Stellar and Blockdaemon have already announced that they are planning to work together.

"I can not list all the positive qualities of XLM", – Richter said. "In addition to his remarkable technical characteristics, we like that he gives 95% profit to the community".

Currently, Stellar signs strategic partnership agreements. Recently, the project management stated that they are entering into cooperation with IBM to allow transactions around the world.

"Stellar is important to us," reports Richter. "We believe that its ecosystem this year will be as significant as Ethereum."

Will Stellar take the place of Ethereum

The future of XLM really has good prospects. Despite the fact that during the crisis at the beginning of the 2018 year many crypto-currencies were badly affected, the growth of XLM continued, and the value of the currency increased by 5,26%.

This led to a significant increase in its market capitalization, which reached a level of about 4,8 billion dollars. Of course, this is still far enough from the 61 billion that Ethereum has, but this growth, nevertheless, is quite significant.

Jed McCaleb, the founder of the crypto currency, told the conference delegates last year that 30 banks had already agreed to use XLM for cross-border transfers.

He and similar to him crypto-currencies, such as Ripple, can take their place in cross-border money transfers in the future. This will help significantly reduce the time required for transactions over long distances.

This potential makes XLM a fairly popular asset, for which all investors should be closely monitored.

Author: Olga Novikova, Analyst Freedman Club Crypto News
Image from Fotolia

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