Gary

when

Stellar

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
<a href="https://x.com/jedmccaleb/status/1860351188329464135?s=46&amp;t=WcuOKMo62Zy4eG9Be-uY1A">Jed McCaleb</a>, the co-founder of Ripple Labs and the creator of Stellar, recently shared his insights on why he believes<a href="https://u.today/stellar-xlm-tops-shiba-inu-shib-by-market-cap">XLM</a> is one of the most underrated cryptocurrencies. McCaleb highlighted that Stellar already processes more daily transactions than most other blockchains, handling 10 times the volume of<a href="https://u.today/cardano-ada-jumps-to-top-section-of-weiss-crypto-ranking">Ethereum</a>. Unlike many blockchain projects, Stellar is actively used in real-world transactions every day, which, according to McCaleb, sets it apart from others in the space.
He also brought up Stellar's simplicity and well-thought-out design. The network includes built-in features such as stablecoin and token issuance, as well as a decentralized exchange. McCaleb then discussed Stellar’s on-chain governance system, followed by the company's smart contract platform, Soroban. Soroban is designed to be both safer and more efficient, avoiding common pitfalls like reentrancy vulnerabilities.
Next, McCaleb pointed out Stellar's remarkably low transaction fees, which he described as "basically free."
<blockquote class="twitter-tweet">
 A lot of new people looking at Stellar so I thought I'd write down some quick thoughts about why Stellar is worth your time.IMHO Stellar is the most underrated and least understood crypto project. A lot of recent attention but people are still sleeping on this network.Stellar…— Jed McCaleb (@JedMcCaleb) <a href="https://twitter.com/JedMcCaleb/status/1860351188329464135?ref_src=twsrc%5Etfw">November 23, 2024</a>
</blockquote> 
McCaleb also praised Stellar's engineering, calling it world-class. Additionally, he highlighted Stellar’s developer-friendly documentation, which he considers one of the best in the industry. The documentation makes it easy for developers to get started and build applications on the network, driving further adoption and innovation.
Finally, McCaleb stressed that Stellar is focused on revolutionizing digital payments. He believes the most impactful use of cryptocurrency is as a means of digital money. Stellar’s goal is to provide financial services to communities without access to banks and to enable businesses to transfer assets more easily and cheaply than through traditional banks.
<h2 dir="ltr" id="xlm-price-up-463-in-november">XLM price up 463% in November</h2>
The post comes at a time when coins associated with McCaleb show outperformance on the market.
<img src="https://u.today/sites/default/files/inline-images/xrpxlm.png" data-entity-uuid="a054c551-6411-4858-a565-34a4244b49e1" data-entity-type="file" alt="&quot;&quot;" data-caption="XRP and XLM to USD by <a href=&quot;https://coinmarketcap.com/currencies/xrp/&quot;>CoinMarketCap</a>">
This is due to a variety of reasons, such as the official resignation of Gary Gensler as SEC chair. Due to the regulatory problems the SEC v.<a href="https://u.today/alderoty-ripple-provided-the-blueprint-to-defeat-gary-gensler">Ripple</a> case caused for<a href="https://u.today/xrp-failed-skyrocketing-2-ready">XRP</a>, the price of the token was suppressed for years. But, the resignation news as one of the reasons triggered a 170% surge from the beginning of the year.
Being XRP's rival of sector and sort of beta play, XLM of Stellar saw an even more stunning price surge of almost 500%, reaching at $0.65 a high not seen since May 2021. <a href="https://u.today/10-reasons-why-stellar-xlm-is-most-underrated-crypto-by-xrp-and-ripple-co-creator">Read original article on U.Today</a>

10 Reasons Why Stellar (XLM) Is Most Underrated Crypto by XRP and Ripple Co-Creator

Table of Contents

U_Today

Other articles published on Nov 24, 2024

Gemini’s Cameron Winklevoss calls investigation into FTX campaign finance charge dismissal

Forget Solana and Cardano — These 5 Under-the-Radar Coins Are Set to Skyrocket!

Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets

Crypto: This Blockchain Project Is Ready To Soar By 47%

DOGE to $1, Bitcoin Even Higher: Ex-Bitmex CEO Reveals His Dogecoin and BTC Price Targets

Binance Hits $8.73 Billion In Asset Inflows

Join our free newsletter for daily crypto updates!