Saturday, January 23, 2021
  • Contact Us
  • Privacy Policy
FIND CRYPTO NEWS
Advertisement
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading
No Result
View All Result
FindCryptoNews.com
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading
No Result
View All Result
FindCryptoNews.com
No Result
View All Result
Home Crypto News

Stellar Lumens Sustainable by not Mining XLM Transactions are Easier with Revolut and Legal Right

July 28, 2020
in Crypto News
2 min read
Stellar Lumens Sustainable by not Mining XLM Transactions are Easier with Revolut and Legal Right
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

You might also like

Bitcoin (BTC) Keeps Traveling from Weak Holders to Strong Holders

Tether Investors Defending USDT Aggressively and Bias Unavoidably in the Air

Ethereum (ETH) Consensus Mechanism towards What End Users care About

Stellar Lumens (XLM) does not make use of nodes to mine XLM. This is a good factor contributing to its sustainability.  There is nothing called rewards for the network participants for validating and stuff like that.  They simply started off issuing around 100 billion XLM when they first started.  And, they decided they will increase the overall supply by 1% per year for an overall period of 6 years.

Due to strategic and sustainability issues of increasing supply by 1%, they decided not to increase the XLM supplies anymore at a later point in time.  The overall supply was decreased from 100 billion XLM to 50 billion to ensure sustainability. For now, 20 billion XLM is under circulation in the market and 30 billion is retained with Ripple to contribute to the growth of the Ripple ecosystem.  XLM use case is mainly projected for marketing and development purposes. 

Stellar Lumens (XLM) Supported by Revolut

Revolut is an app where it is possible to exchange money without any hidden fees.  Users will be able to buy crypto, gold, and trade stocks from $1 and they will be able to manage their money by using the spending analytics. The good thing is that Revolut is permitting the trading and holding of XLM on their platform.

In response Sydney Ifergan, the crypto expert tweeted:  “Stellar Lumens (XLM) and other crypto are becoming easy for everyday use with the coming of several supportive platforms and application.”

Crypto is getting simpler every day.  The pandemic left people with lot of time to think through the value of money and about what cryptocurrency is and about a myriad of other things related to financial freedom.  They are slowly taking on to the idea of crypto for good.

The good thing about Revolut adding Stellar Lumens as the Sixth Crypto is that they have recently updated their terms for crypto, thus providing users with a legal right. The legal right to sell and buy is a good thing. The term legal pronounced with crypto makes it more secure.

According to Finance Magnates, It is important to note that previously Revolut used to hold the ownership rights to the digital assets. However, despite the right being a beneficial one, it is seen that the Revolut customers will be able to transfer the crypto only within the platform’s ecosystem. And, none of them will be able to send their crypto holdings to any external wallet.

Credit: Source link

Previous Post

Ethereum Is Still King, but DeFi on Other Blockchains Is Gathering Steam

Next Post

$27 Million Worth of Bitcoin From the 2016 Bitfinex Hack Were Mysteriously Moved

Related Posts

Bitcoin (BTC) Keeps Traveling from Weak Holders to Strong Holders
Crypto News

Bitcoin (BTC) Keeps Traveling from Weak Holders to Strong Holders

January 22, 2021
Tether Investors Defending USDT Aggressively and Bias Unavoidably in the Air
Crypto News

Tether Investors Defending USDT Aggressively and Bias Unavoidably in the Air

January 22, 2021
Ethereum (ETH) Consensus Mechanism towards What End Users care About
Crypto News

Ethereum (ETH) Consensus Mechanism towards What End Users care About

January 22, 2021
Is Ripple (XRP) Interested to Fill in their Own Pockets
Crypto News

Is Ripple (XRP) Interested to Fill in their Own Pockets

January 21, 2021
Polkadot (DOT) Looking for Committed Validators and Teams on Blockchain
Crypto News

Polkadot (DOT) Looking for Committed Validators and Teams on Blockchain

January 21, 2021
Next Post
$27 Million Worth of Bitcoin From the 2016 Bitfinex Hack Were Mysteriously Moved

$27 Million Worth of Bitcoin From the 2016 Bitfinex Hack Were Mysteriously Moved

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

ETH 2.0 staking starts on high note, Deposit Contract rakes up 50K+ ETH in just 1 week of launch

ETH 2.0 staking starts on high note, Deposit Contract rakes up 50K+ ETH in just 1 week of launch

November 13, 2020
Crypto Exchange OKEx Holds Voting Event on Listing of NFT Projects

Crypto Exchange OKEx Holds Voting Event on Listing of NFT Projects

October 1, 2020

Don't miss it

Bitcoin Traders Expect Volatility as Options Expire
Analysis

Bitcoin Traders Expect Volatility as Options Expire

January 22, 2021
‘Airdrop Madness’: Crypto Trader Asks Investors to Keep an Eye out for Free Tokens
Regulation

XRP Token Holders to Receive Second Token Airdrop from Flare Finance

January 22, 2021
Bitcoin Rallies Towards $24,000 as Market-Wide Uptrend Continues
Bitcoin

Bitcoin Posts Massive Overnight Rebound, But Bulls Aren’t in the Clear Yet

January 22, 2021
Peter Schiff Denies Companies Selling Gold for Bitcoin
Regulation

MicroStrategy Uses Bitcoin Price Dip to Add More BTC to its Billion-Dollar Treasury

January 22, 2021
Lost And Found: Man Recovers Bitcoin From Hard Drive Burned In A Fire
Bitcoin

Lost And Found: Man Recovers Bitcoin From Hard Drive Burned In A Fire

January 22, 2021
Van de Poppe Predicts Bitcoin Reaching $40,000, Altcoins Turning Bullish
Regulation

Bitcoin Community Rallies to Defend Satoshi Nakamoto’s Whitepaper

January 22, 2021
FindCryptoNews.com

FindCryptoNews is an online news portal that aims to provide the latest crypto news and real-time updates around the world. Feel free to get in touch with us!

Recent News

Bitcoin Traders Expect Volatility as Options Expire

Bitcoin Traders Expect Volatility as Options Expire

January 22, 2021
‘Airdrop Madness’: Crypto Trader Asks Investors to Keep an Eye out for Free Tokens

XRP Token Holders to Receive Second Token Airdrop from Flare Finance

January 22, 2021

Subscribe Now

Loading

© 2020 FindCryptoNews.com - All rights reserved!

No Result
View All Result
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading

© 2020 FindCryptoNews.com - All rights reserved!

  • bitcoinBitcoin(BTC)$32,911.005.72%
  • ethereumEthereum(ETH)$1,262.9810.45%
  • tetherTether(USDT)$1.00-0.88%
  • rippleXRP(XRP)$0.2797476.04%
  • cardanoCardano(ADA)$0.35339710.78%
  • litecoinLitecoin(LTC)$141.263.58%
  • bitcoin-cashBitcoin Cash(BCH)$440.425.64%
  • stellarStellar(XLM)$0.2758296.24%
  • eosEOS(EOS)$2.663.68%
  • moneroMonero(XMR)$139.586.36%
  • tronTRON(TRX)$0.0290685.20%
  • nemNEM(XEM)$0.2207186.24%
  • neoNEO(NEO)$24.648.75%
  • iotaIOTA(MIOTA)$0.4647798.99%
  • dashDash(DASH)$109.1411.04%
  • ethereum-classicEthereum Classic(ETC)$7.535.79%