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Stellar Lumen (XLM) – Electroneum (ETN) –There are multitudes of projects in the crypto market that it is not so easy to separate valuable and substantial projects from smokes.
Since you don’t want to be caught Hodling the bag on some failed projects, it is crucial that you diligently observe the market and check the success potential of cryptoprojects before you engage in hodling them. Stellar Lumen (XLM) and Electroneum (ETN) are two altcoins you should consider.
It’s an open secret in the cryptospace that mass adoption is likely to be the reason behind the next wave of growth that will be witnessed in the crypto industry. As such projects with potentials for an exponential adoption are bound to have the most significant gains.
Stellar (XLM) is a decentralized platform that was built by the co-founder of Ripple, Jed McCaleb, to facilitate the easy and efficient exchange of assets. It is an open-source payment platform. As a blockchain based technology the Stellar Lumens platform supports settlements in a decentralized and secured manner.
Stellar Lumen’s (XLM) Modus Operandi
Like many decentralized payment technologies, Stellar runs a network of decentralized servers using a distributed ledger that is updated across all nodes every 5 seconds or so.
Also Read This: Three Inferences From 500M Stellar Lumen XML Airdrop
One of the most distinguishing factors of Stellar that set it apart from Bitcoin is its Consensus protocol. Stellar Lumens uses the Federated Byzantine Agreement algorithm (FBA), which enables faster processing of payments. Therefore the protocol doesn’t rest on the complete miner’s network to approve payments as Stellar only use a portion of their platform to authenticate and approve payments.
Stellar (XLM) Partnership Deals Propel It
Through the IBM Blockchain World Wire, the Stellar blockchain stands to gain a substantial presence in the cross-border payment market.
Stellar’s (XLM) adoption potential also looks good in asset tokenization sphere. This is because companies like Apple amongst others could tokenize and open themselves up to investors from around the world through Stellar STOs.
Since asset tokenization provides a cost effective way for companies to raise financing, it will add significant value to Stellar (XLM). The moment asset tokenization gains momentum so will the value of XLM.
Thanks to its partnership with IBM which has in turn partnered the Australian government for the development of AI, blockchain technology and quantum computing in the country. The import of this partnership for Stellar is that in all probability Stellar and XLM will be used by the Australian government.
Electroneum (ETN) is another project that is strategically positioned to thrive in the long-run. Built with the aim of allowing everyone gain access to and also enjoy the advantages of a digital currency. Electroneum (ETN) plan to achieve this by bringing the crypto experience to users’ smartphone through their user friendly app that can be utilized by anyone.
Electroneum (ETN) Adoption Features
Electroneum(ETN) intends to offer financial services to users of smartphones in developing countries. This is a billion dollar market Electroneum (ETN) is targeting and with its KYC feature it can easily dominate this industry.
Being the first mobile based cryptocurrency, Electroneum has a high adoption rate as it provides new entrant to the crypto space ease of access through its mobile miners.
When it comes to adoption, Electroneum (ETN) holds more potential than most altcoins in the market. The fact that it was designed as a mobile cryptocurrency makes it very viable considering the size of the smart phone industry.
Also its pending patent for Instant payment will make Electroneum (ETN) a strong competitor to centralized payment platforms like Paypal. Based on the way it is built, it allows for instant crypto payments and easy integration with merchant website. Consumers are quickly able to use it in transferring money without the high cost and other issues that accrues with existing payment systems.
Likewise, the mobile miner is an attractive incentive with capacity to push up the value of the altcoin as more people will embrace the opportunity to make some extra money.
Electroneum’s compliance to KYC implies that it can globally partner with telecommunication companies and other strategic organization with little or no difficulty. As it gains more users across the world, ETN will see significant gains in the long- run.
To enable Electroneum achieve its dream, the team is in talks with several telecom companies that could integrate the payment platform into their networks.
From Sistemkoin’s listing, Liquid listing to the launching of online vendors plugin that will support platforms like Woocommerce and Magento Electroneum is rolling it all out.
The Electroneum (ETN) – Stellar (XLM) Link
Both Electroneum and Stellar has KYC feature and this will fast track their adoption in the market as most of the logjams created by bureaucratic bottleneck is skirted. Stellar possesses a compliance protocol that makes it easy for financial institutions to be compliant to KYC and AML laws.
Both of these cryptographic projects are also aiming to make their mark in the cross-border payment ecosystem which is a market with immense possibilities.
The above factors amongst others will see the value of these cryptographic projects grow over time making them good coin to hodl in the long term