Q4 2019: Stellar gives away $16M, burns 50% of XLM — price still drops

XLM is the native cryptocurrency of the Stellar network, a blockchain-powered solution pitched to make cross-border payments more efficient. Stellar’s consensus architecture is relatively centralized when compared to Bitcoin. While this does allow it to process transactions with low fees and fast confirmation times, it does require users to place more trust in the network comparatively. Regardless of this sacrifice, Stellar is almost always listed in the top cryptocurrencies. XLM’s market cap is currently $1.19 billion, and ranked 14th — just behind Monero. XLM/USD 2019 Q3 performance recap As with the rest of the cryptocurrency market, Stellar had a pretty tough…

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