News: Stellar Lumens (XLM) Breaks Key Resistance, Surges 55% To Outdo Bitcoin

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https://www.newsbtc.com/?s=Stellar%20Lumens%20%28XLM%29%20Breaks%20Key%20Resistance%2C%20Surges%2055%25%20To%20Outdo%20Bitcoin

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Crypto tags:

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Transcript:

0:00:00 Stellar Lumens (XLM) Breaks Key Resistance, Surges 55% To Outdo Bitcoin

0:00:06 This update is brought to you by “CoinCheckup News Updates” and was originally published on “NewsBTC”.

0:00:12 Stellar’s validator nodes “trust” the SDF nodes.

0:00:16 Because of that, there was a failure, and the system couldn’t reach consensus for two hours on May-15.

0:00:22 At the moment, XLM is under pressure but up 18.8 percent in the last day.

0:00:27 In the words of Yorke Rhodes, development around blockchain feels like it is back to 1995.

0:00:33 Then, the internet had little interest to the average consumer.

0:00:37 Fast forward, 19 years later, and Web-1 is indispensable.

0:00:41 Everyone can be a publisher in this decentralized web where communication is seamless.

0:00:46 Now, it’s blockchain’s turn, and as the world readies for “investment,” Stellar is laying down the infrastructure.

0:00:53 The native currency, XLM, fulfills the same functions as XRP, a coin that is embroiled in controversies, struggling to clear the centralization and security tag.

0:01:03 However, it is XLM that is under investor’s radar.

0:01:06 Aside from influential partners in IBM, Coinbase is airdropping the coin increasing demand for the asset.

0:01:13 At the same time, XLM did draw some momentum from the “Coinbase effect” following its listing at the American exchange.

0:01:20 All the same, XLM did crumble for some hours today following a freeze in the network.

0:01:25 For two hours on May-15, the platform couldn’t reach consensus meaning no transactions were validated, because, one Redditor said “most validators on the network, if not all of them, trust SDF nodes.

0:01:37 “Over the last months, we have worked to get people to not depend on the SDF nodes.

0:01:41 As of maybe a month or so ago the SDF nodes could safely go down and the network would continue.

0:01:47 However, this also means that the network can halt even if the SDF nodes are still running.

0:01:52 Thanks for watching this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “NewsBTC”, who originally published this news update on their website.

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News: Stellar Lumens (XLM) Breaks Key Resistance, Surges 55% To Outdo Bitcoin

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