Like the Internet, Stellar is a network of decentralized servers in many locations around the world that power a distributed ledger. The ledger records every transaction in the system for people and companies alike. A complete copy of the global ledger exists on each Stellar server. Any entity can run a server. This makes the network more robust with more servers. Unlike the Block chain method this doesn’t require mining hence reducing the Transactions costs exponentially. For example, if you want to send $5 to a friend on the network, a list of trusted servers will begin a process to agree on the validity of your $5 payment to your friend. The majority of these servers will have to agree that you do in fact own $5 worth of credit on the network before they will mark the transaction as valid. This affects its future growth
When Will Stellar Lumens (XLM) Reach $ 1?
Currently the price of Stellar is 0.9264$. Stellar Lumens (XLM) will create a more user-friendly language that will be simpler and possibly removing the necessity of hiring a Solidity expert. Now that we have Bitcoin futures, time for other markets to mature with USD pairs. The success of Stellar and other great projects should not be contingent on Bitcoin. This allows for the creation of more complex contracts but also a bigger risk is involved in the sense that malicious contracts can be written and hurt both users and the network. With all these factors in mind we predict that it will reach 1$ by end of January 2018.
When Will Stellar Lumens (XLM) Reach $ 5?
Will Stellar Lumens (XLM) Reach $10?
Several nonprofits and businesses are implementing Stellar as financial infrastructure, particularly in the developing world. One such example is Praekelt Foundation, which will be integrating Stellar into Vumi, its open-source messaging app, to let young girls in Sub-Saharan Africa save money in airtime credits. Oradian, a cloud-based banking software company, also plans to use the Stellar network to connect microfinance institutions (MFIs) in Nigeria. In December 2016 more partnerships were announced, including in the US, UK and Australia. With this said a bright future lies ahead for Stellar and we can predict it cross the 10$ mark by June 2018 .
Will Stellar Lumens (XLM) Reach $100?
In 2014 the Stellar network launched with 100 billion stellars, the original name of the network’s native asset. If needed more will be added by the company. This revereses the saturation process of Market cap valuing. Ripple knocked-off with $3M Stripe backing, somehow network effect was missed on Ripple although finding shortest path to a transaction between various parties and currencies in global remittance and payments makes total sense via stable currency like Stellar (100B, 1% inflation, interesting distribution), but we are yet to see something new although Stripe has credit in the industry and may be able to do wonders in terms of network effect. Interesting people behind it, but not a new concept (yet) though. But this is just for now and cannot be said for furture we expect the value to reach $100 by the next year around mid of 2019.
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