My thought process for XLM, NEO & EOS. Part 1 XLM
Stella Lumens (XLM)
So we all know of some smart contract-platform coins like ETH & NEO. But did you know that Stella Lumens (XLM) now has a smart-contract platform to launch ICO's? and they have already begun the first one (Mobius).
From what I can understand building tokens/ICO's would be much quicker and more secure on the Stella platform because its not built on the chain but rather on a web server thats communicates with Stella Core. This eliminates the need to employ hardcore devs to create new tokens, it also means that more complex tokens could be creating within just a few days.
What good about XLM?
- Instant transactions (5 seconds)
- Almost free to send* (*1 cent USD could pay for about 1500 transactions)
- Speeds of 1000 transactions per second (conservative estimate)
- It is also used as for currency conversion meaning that exchanging from crypto/fiat pairs would be instant and free.
- It is decentralized and not controlled by banks
- Currently in the Top 10, heaps of press/media
- IBM partnership
- DEX exchange, no waiting around for tokens to be listed on 3rd party exchanges
- Can still participate in ICO without needing to buy Lumens, BTC & ETH are still accepted
Things to consider
- Recently ETH transactions have gone up significantly eg $2.00, with further growth and expansion we may see ETH transaction cost go to $10 or higher
- ETH upgrades may take years to implement new scaling solutions to reduce cost and speed (according to Vitalik)
- ETH miners have become more centralized over time, ever had a ETH transactions that didn't broadcast? and you had to send it again? (happens all the time to me). Ever consider that the miners choose not to broadcast it.. just so they could collect the extra gas...
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