XLM (Stellar Lumens)

Stellar

Who:

Stellar.org Nonprofit Organization and Community

What:

The Stellar Network is an open platform for developing payment networks.

Where:

San Francisco, CA

Features:

  • Open Source
  • Started by former Ripple team members
  • Fast transactions, similar to Ripple (XRP)
  • High profile partner IBM chose Stellar to power cross border payments (Oct 2017)

Analysis:

Stellar has seen impressive gains in value over the past 12 months.

Some of this success is due to the rise of Ripple and the perceived similarity to XRP.

Focusing on cross border payments and a strong commitment to its open source community, XLM has a legitimate use case and is showing strength against the other top coins.