Stellar Lumens (XLM) – IBM Provided Fresh New Validators: Expectations for 2018
Stellar Lumens (XML) takes a big leap due to IBM’s contribution, rated now at #15 in total market cap at coinmarketcap the Stellar project expects major attention in 2018. IBM contributed to this project through 8 new validators spread across the globe as seen below.
Image 1 – IBM’s validators of Stellar Lumens. Source: https://www.reddit.com/r/Stellar/
Also recent announcements through their website, https://www.stellar.org/ claim that new partnerships such as Remitr, a global platform for cross border payments, licensed in Canada. After Joyce Kim a co-founder for the Stellar Lumens (XML) made some exciting appearances on social media, the project shows progress all over the pacific rim.
This partnership with IBM, Forbes #19 top companies will indeed bring them visibility.
Introducing: Stellar Lumens (XLM) new Hardware
Stellars (XML) next step towards securing payment processing will be units through IBM hardware. This will happen through processing units called validators managed by Stellar Corporation with collaboration with IBM’s both network and net worth.
This is big for the Stellar community, we’ve seen major gains in value from XML. IBM, a company with a net worth of an astonishing 168 billion dollars and a 79 billion-dollar yearly sales revenue, could very much be the stepping stone for Stellar to become a top #10 player early this year.
Stellar Lumens Core
Stellar Lumens (XLM) is an open source project that relies on Protocol (SCP) – Stellar Consensus Protocol. A presentation by Professor Dadid Mazières discloses this method as a federated Byzantine agreement (FBA). This method answers to some problems regarding systems that must be closed in order to record financial transactions. The consensus method enforces an increase in what they call asymptotic security.
Also, Joyce Kim was a co-founder for the Stellar Lumens (XLM). After graduating Cornell University with only 19 years of age she also took degrees in both Columbia Law School and Harvard. She was until recently vice-chairman on Freestyle Capital and claims to be an entrepreneur.
Joyce Kim of Stellar Lumens (XLM) is very active on social media, having around 16 000 followers on Twitter. She practices as Director’s Fellow at the MIT Media Lab currently as well. She is valued depply by the community behind Stellar, just recently back in South Korea she visited CoinOne towards a productive presence of their new network.
Image 2 – Joyce Kim Source: Twitter
She stated 2 days ago on a tweet:
“Visited my first cryptocurrency exchange since arriving back home. Amazed and proud of how much the Korean blockchain community has grown. Thank you for hosting me @coinone_info!”
Now besides getting to know the project described through their website now all you can do is look ahead.
This year, just like almost every other project that showed progress, Stellar Lumens (XLM) saw a big leap, jumping from a third of a USD cent in April to an almost overwhelming 0.10 USD today, which translates is a 3000% gain.
Image 3 – Stellar Lumens (XLM): https://coinmarketcap.com
Stellar Lumens (XML), through establishing their presence as top 20 crypto will not only get notoriety amongst potential investors, it also lures new exchanges. Currently being traded around 15 exchanges including Poloniex, Bittrex and Kraken that represent the majority of the volume in transactions (83%).
Looking at 2018 the market seems optimistic in general for investors. Stellar Lumens (XLM) might continue to climb towards the holidays where the hype is going to get people to invest on the latest news in the tech world, Blockchain Technology.
After a probable slide after New Year’s we’ll be likely headed to another outburst making the crypto markets reach the trillion-dollar capitalization. At the turn of Spring we might already be seing Stellar Lumens (XLM) as token equivalent to the dollar. This would represent 1000% gains in yet another 4 month cycle.
The mark for 1 USD for Stellar Lumens (XLM) is near. In sum, be ready.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.