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Bitcoin BTC VS Xlm stellar VS Stacks crypto 🔥 Bitcoin price 🔥 Xlm coin 🔥 Stx crypto Xlm crypto news
Bitcoin price 🔥 Xlm coin 🔥 Stx crypto 🔥 Xlm crypto news 🔥 Bitcoin BTC VS Xlm stellar VS Stacks crypto
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⚡ What is xlm coin?
Stellar Lumens (XLM) an Open Network For Storing And Moving Money.
Stellar is an open-source network with the mission to "create equitable access to the global financial system". Stellar is maintained by the Stellar Development Foundation, a non-profit organization established in 2014.
Its goal is to build a global financial infrastructure that makes it easy to move traditional forms of money and access new markets. This goal is realised by faciliating transactions of digital representations of currencies (such as USD, EUR, BTC, etc) on a single ledger.
Stellar uses the Stellar Consensus Protocol for achieving network consensus, which is based on Federated Byzantine Agreement. Stellar provides various Software Development Kits and APIs to make building on and using Stellar as accessible as possible.
Stellar's token, the Lumen (XLM), is used for staking and constitutes the payment method for all services the system provides.
⚡ What is stacks crypto (STX)?
Stacks (STX) a Scalable Bitcoin Layer for Smart Contracts.
Stacks (formerly Blockstack) is a Bitcoin Layer for smart contracts. It enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.
Unique features of Stacks:
Besides regularly storing a hash of the Stacks blockchain on Bitcoins, many of the node participants in the blockchain will receive rewards in BTC.
All transactions on the Stacks layer are automatically hashed and settled on Bitcoin.
STX is the native token of the project. The current use cases for STX include:
Governance: Stacks is a fully decentralized ecosystem where all governance occurs with STX holders. Anyone can contribute to open source through working groups.
Stacking: A way to support the network’s security & consensus by temporarily locking STX and earning BTC. BTC is a core component of Stacks Mining. Miners earn new STX from inflation and they pay to participate in BTC.
The project consists of the following major components working in conjunction:
Proof of Transfer: A hybrid consensus mechanism knowledge of the full Bitcoin state. It recycles Bitcoin’s Proof of Work to achieve both high levels of decentralization and scalability without additional environmental impact.
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The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments. CryptoOK and affiliates are not responsible for individual loss due to poor trading decisions or any other actions which may lead to loss of funds.
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