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What is Stellar (What is the future of Stellar)

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What is Stellar? What is Stellar (Dash)? What is stablecoin? In the field of blo

What is Stellar (What is the future of Stellar)

What is Stellar? What is Stellar (Dash)? What is stablecoin? In the field of blockchain, Bitcoin, Ethereum, and others have their own consensus mechanisms. However, due to reasons such as high transaction costs and volatility of crypto assets, they have become the choice of most investors.

According to data from CoinMarketCap, on May 1, 2019, the price of Bitcoin was around $10,250, while Dash was only $9,160, but now it has surpassed $10,000. In most of 2020, Bitcoin and DeFi protocols were built and operated based on Bitcoin. However, this statement may be misleading for those who are not familiar with its concept. Why use Stellar?

The first main issue compared to other tokens is that the Stellar network is a decentralized system controlled and managed by an independent entity, which means users have their own wallets or exchange pools. These digital currencies include Bitcoin Cash (BCH), Litecoin (LTC), Stellar Lumens (XLM), and EOS (EOS). When asked why they chose to create Dash, they said, “I think it was a mistake.” The second reason is that the project was developed by a team led by former Blockstream CTO Samson Mow. “I really wish we could separate them and solve this problem.” “So we need to find a way to transfer their assets to a new platform rather than through a third-party company. That’s why people do this.” The third is how to obtain liquidity from smart contracts. To answer the above question, “You need an application that allows you to exchange some assets with their tokens. Then you can deposit these assets and earn interest on them while retaining these funds to ensure that additional income sources are not generated.” Another example is the “BitcoinSV” (BSV) used in the “BitcoinABC” game that was popular in early 2017. This game allows players to buy and sell crypto assets without centralization.

What is the future of Stellar

According to CoinMarketCap data, the market value of Stellar (HBAR) is about 1 trillion US dollars. It has only been issued for 5 months, with a circulating supply of less than 1 billion units and no actual value support. It is difficult to make an effective breakthrough in the market’s volatile situation. Therefore, whether this asset can obtain support from mainstream institutions and investors is a matter worthy of discussion. But if you want to know its future potential, you can understand the fundamentals of this digital currency from the following two aspects:

1. Stability, liquidity, and community participation

2. Sustainable development technology

3. Deflation mechanism and regulation

4. Stability is one of the most core advantages of blockchain applications

5. Stability and ecological construction

6. Decentralized storage

7. Fast transaction speed

8. Network congestion

9. Token economic model design

10. Relatively high compliance level

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