XLM

Cryptocurrency wallets come in handy to offer a safe, transparent, and efficient way of storing digital assets. Crypto wallets essentially store users' private keys and public addresses. They may also provide encrypting and signing information, i.e., executing a smart contract function or a cryptocurrency transaction.  In addition to storing the private key and public address, Stellar Lumen wallets store the third code, i.e., a Stellar Memo. The Stellar Memo is a feature that allows Stellar network users to communicate and…

What is Token Burning? Token burning or coin burning is an intentional action taken by the coin's creators to "burn," i.e., remove from circulation a specific number from the total available tokens in existence. There are several reasons to burn tokens this way, but generally, the move is for deflationary purposes. In a coin burn, the tokens are algorithmically taken out of circulation by sending the outputs to a public address known as an 'eater address.' However, the keys to…

Recently, the aggregate cryptocurrency market is maintaining significant support. Major cryptocurrencies, including ETH, TRX, XLM, EOS, XLP, LTC, and BCH, are having a hard time increasing in price. BCH/USD, on the other hand, is surging following a move to $170. Its price increased to over $180, and as we speak, it is into consolidation close to $185. The upside shows two critical resistances close to $192 and $195; a move over them may take the price towards $ 215. The…

Boasting a galactic ensemble of developers and one of the fastest cross-border exchange networks in the industry, Stellar is a success story waiting to happen in the world of cryptocurrency. Spurring from the creative mind of Jed McCaleb, Stellar announces itself as "borderless, limitless [and] powerful." With skyrocketing transfer speeds and some of the tiniest transaction fees on the market, this decentralized platform aims to practice what it preaches. Stellar comes with its crypto that bears an equally cosmos-like name.…