Review on Stellar by Mr Benji

Name: Stellar
Item: Stellar
Rating: 5

November 13, 2018

The cryptocurrency was found by Jed McCaleb and Joyce Kim in 2014 as an open…

The cryptocurrency was found by Jed McCaleb and Joyce Kim in 2014 as an open-source protocol. Stellar’s aim was to connect traders and investors through different servers, as each individual would connect with other peers effortlessly. The coin was based upon Ripple’s protocol, resulting as a fork through the latter’s critical consensus code.
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The new code served as an enhanced version of Ripple’s, with a project launched 2015. The launch provided whitepaper describing the network and protocol codes. In 2017, cryptocurrency managed to provide new partners’ benefits program, worth of up to $2 million to streamline “high-impact projects.”
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With the constant stream of good news and partnerships being released by the SDF, its hard to have your sights set on anything but the moon if you a XLM holder. For me, I don’t see XLM becoming a ‘gold standard’ for cross-border payments within the financial sector, regardless of the potential and tech. This is because, I think that XRP will remain at the forefront for some time, simply due to its institutional focus, which is something XLM purposefully shuns.
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Updated 5 years ago

Rating changed from 4 to 5

Stellar is still holding in the top 15 doing some stuff huge campaign with crypto wallet airdropping a few million worth fo stellar for the new community members as well as on coinbase. besides that stellar is doing.
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some exciting stuff like:
- SDF-sponsored conference
- Protocol 11 Improvements
- Stellar & Coinbase Earn
- IBM Built World Wire on Stellar
- New Stellar Logo
- Roadmap 2019
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Pros

Wiide adoption could be achieved when hundreds of millions (billions?) of people get a wallet with XLM and can start to use them and spend them. Price wouldn’t dump if everyone gets a small amount they can use. I think that this is needed for real adoption. Strong Partnerships Fast & Cheap

Cons

The majority of the coins have not been distributed yet The SDF has been doing a decent job with distribution to partners, but their original distribution goals are no longer feasible. 50 billion lumens (~2.5x the current supply) we supposed be given out for free to new users. This causes 2 major problems.