Coin of the day is Stellar
During Bitcoin stagnations, traders look for alternative coins, big and backed by real usage, which could be in the future without Bitcoin.
Technology that uses blockchain to power payment systems sounds exactly like the one that will be useful in the future.
Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. The Stellar protocol is supported by a nonprofit organization, the Stellar Development Foundation.
At launch, Stellar was based on the Ripple protocol. After making several changes to critical consensus code, the Stellar network forked. In the aftermath, Stellar co-founder Joyce Kim claimed this was a flaw in the Ripple protocol, but this statement was challenged in a blog post by Ripple Labs CTO, Stefan Thomas. The Stellar Development Foundation then created an updated version of the protocol with a new consensus algorithm. The code and whitepaper for this new algorithm were released in April 2015, and the upgraded network went live in November 2015.
Latest news:
23 May - Jed McCaleb, comments on SatoshiPay partnership with The Register and giveaway of 1000000 XLM to users as a free bonus: “This is an exciting moment for Stellar and the cryptocurrency community as a whole, as it represents one of the first mainstream uses of blockchain payments in reaching millions of consumers. We’re proud to be powering SatoshiPay, helping make micropayments faster and cheaper than ever and thereby bolstering the publishing industry in its quest to unlock additional revenue streams in the new digital age.”
15 May - IBM To Use Stellar For Its First Crypto-Token On A Public Blockchain. Developed in partnership with carbon credits startup Veridium Labs Ltd., the "verde” tokens will be issued on the Stellar blockchain, and are designed to give enterprises that pollute the environment a way to offset that damage by supporting a patch of Indonesian rainforest.
Technicals
XLMBTC chart shows a double bottom pattern at 0.000035 level, which coincides with 100-days EMA. Reversion in nearest term at this level fit into a continuation of the Aprils uptrend scenario. Bearish Trend Line, which bounds correction pattern from 2018.05.01 have to be pierced to approve reversion and beginning of the growing cycle. 100-days EMA and 0.000035 level should stay supportive for the take-off scenario. After piercing of Bearish Trend Line, the next target will l be 0.00004 level.
During Bitcoin stagnations, traders look for alternative coins, big and backed by real usage, which could be in the future without Bitcoin.
Technology that uses blockchain to power payment systems sounds exactly like the one that will be useful in the future.
Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. The Stellar protocol is supported by a nonprofit organization, the Stellar Development Foundation.
At launch, Stellar was based on the Ripple protocol. After making several changes to critical consensus code, the Stellar network forked. In the aftermath, Stellar co-founder Joyce Kim claimed this was a flaw in the Ripple protocol, but this statement was challenged in a blog post by Ripple Labs CTO, Stefan Thomas. The Stellar Development Foundation then created an updated version of the protocol with a new consensus algorithm. The code and whitepaper for this new algorithm were released in April 2015, and the upgraded network went live in November 2015.
Latest news:
23 May - Jed McCaleb, comments on SatoshiPay partnership with The Register and giveaway of 1000000 XLM to users as a free bonus: “This is an exciting moment for Stellar and the cryptocurrency community as a whole, as it represents one of the first mainstream uses of blockchain payments in reaching millions of consumers. We’re proud to be powering SatoshiPay, helping make micropayments faster and cheaper than ever and thereby bolstering the publishing industry in its quest to unlock additional revenue streams in the new digital age.”
15 May - IBM To Use Stellar For Its First Crypto-Token On A Public Blockchain. Developed in partnership with carbon credits startup Veridium Labs Ltd., the "verde” tokens will be issued on the Stellar blockchain, and are designed to give enterprises that pollute the environment a way to offset that damage by supporting a patch of Indonesian rainforest.
Technicals
XLMBTC chart shows a double bottom pattern at 0.000035 level, which coincides with 100-days EMA. Reversion in nearest term at this level fit into a continuation of the Aprils uptrend scenario. Bearish Trend Line, which bounds correction pattern from 2018.05.01 have to be pierced to approve reversion and beginning of the growing cycle. 100-days EMA and 0.000035 level should stay supportive for the take-off scenario. After piercing of Bearish Trend Line, the next target will l be 0.00004 level.
