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Review on Stellar by My Nu
Essentially, Stellar (XLM) is an extremely fast settlement mechanism — a peer…
Essentially, Stellar (XLM) is an extremely fast settlement mechanism — a peer-to-peer cryptocurrency originally based on Ripple, founded and developed in early 2014 by Jed McCaleb, who helped start Ripple (XRP) but later found his differences with the board of Ripple Labs to be unworkable.
Pros
- Stellar focuses on the peer-to-peer market and has seen a number of important partnerships arise, including IBM.
Cons
- Very important to know for new investors: one of the key differentiators between Ripple and Stellar is that Stellar has a yearly 1% inflation rate. Coins added this way are distributed democratically, with nodes voting for who should receive them. This is why there are more lumens today than there were at genesis in 2014.
