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Review on Stellar by Susanne Cole
Stellar Lumens, often referred to as just “Stellar”, is a relatively well…
Stellar Lumens, often referred to as just “Stellar”, is a relatively well-known cryptocurrency project that focuses on payment processing in particular. If one were to compare Stellar to another similar cryptocurrency project, one could say the Ripple project aims to provide many of the same services Stellar is also aiming for. This should not come as a surprise, because the Stellar project is a fork of the more popular Ripple cryptocurrency
Pros
- To an investor, investing in Stellar would likely to be attractive. If banks replace their traditional means of international currency transfer with Stellar’s household technology, the value of XLM would likely skyrocket in price. There are very significant amounts of money involved in international bank transfers.
Cons
- Because Stellar is a fork of Ripple, there exists considerable controversy among cryptocurrency users which coin should be considered legitimate and which coin should be considered the fork. In terms of overall popularity, Ripple is currently miles ahead of the Stellar project. This can be attributed in part due to massive mainstream media coverage over the past year.
