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In today’s episode of Your Simplified Coin Review. Today, we take a look at Stellar-Lumens. Stellar is the network of this currency, while the Lumens (or XLM) is the actual digital currency. Many people believe that Stellar & Ripple are “cousins” if you will. The main reason for this is that they share co-founder Jed McCaleb. You may know that name because before working with these two cryptos, Jed founded MtGox. In 2014, Jed left Ripple to go full time with Stellar. During the transition, Ripple froze some of Jed’s money proving that it is a centralized entity. Stellar is a decentralized platform. To find out more, please watch our Stellar Review!
Stellar on Coin Market Cap: https://coinmarketcap.com/currencies/stellar/
Stellar vs Ripple: https://www.investinblockchain.com/stellar-lumens-vs-ripple/
Jed McCaleb LinkedIn: https://www.linkedin.com/in/jed-mccaleb-4052a4/
MtGox Wiki: https://en.wikipedia.org/wiki/Mt._Gox
XLM Website: https://www.stellar.org/
Stellar SubReddit: https://www.reddit.com/r/Stellar/
All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice.
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Stellar Cryptocurrency Review, Stellar Lumens Review: What is XLM and Why It's Different from Ripple.
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