The IBM uses the network of the stellar to carry out its transactions in the South Pacific Region. Some of the prominent stellar lumens (XLM) news includes the association of the platform with the IT-major International Business Machine (IBM). No wonder, stellar (XLM) is the preferred choice among small- and medium-level enterprises, regional banks, local companies, and nonprofit organizations to carry out transactions. This validation process called Quorum makes transactions swift and as a result the speedy implementation, completion of orders takes considerably lesser time than the case with Bitcoin and other altcoins.
In case of Bitcoin, the entire network is used to validate the transaction while in the case of XLM only a part of the whole network is used for the validation purpose. The transaction approval mechanism adopted by Stellar is quite unique in its approach and entirely different from the one implemented by Bitcoin. Lumen (XLM) is Stellar’s native cryptocurrency and is known to be one of the most versatile coins available in the crypto world. This payment technology has specifically focused on the developing markets where the need for a blockchain-based decentralized payment platform is even more that what is experienced in developed nations. Stellar Lumens uses the ripple blockchain protocol for transactions although the primary objective behind its inception is quite different from the aim that Ripple has set for itself.
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