Stellar (XLM) becomes the Top-5 cryptocurrency that pushes EOS out


Cryptocurrency open source transfer protocol The Stellar token Lumens (XLM) entered the top five cryptocurrencies by market capitalization the week after its $ 125 million agreement with Blockchain.

Stellar Lumens Beats EOS to the top 5

The Coinmarketcap data confirm repositioning, which gives XLM a market capitalization of $ 5.15 billion and relegates TRON to the eleventh place, eliminating EOS from the Top-5.

Stellar (XLM) 00 has seen considerable publicity in the last few weeks after executives announced a free campaign with $ 125 million worth of wallet supplier Blockchain.

Stellar: direct to $ 1?

Such as Bitcoinist reportedly, the campaign was apparently designed to draw attention to the cryptocurrency more generally among the broader population, but XLM has now profited, bucking the general tendency to avoid losses from other altcoins since then.

"We have already shared our ideas on how Blockchain Airchafts are a great way for cryptographers to drive decentralization and the adoption of new networks. We think they are also perfect for crypto users," wrote the 39; CEO of Blockchain Peter Smith in a blog post, which is open to anyone with a Blockchain wallet.

"… We are starting with Stellar because its network is built for scalability."

EOS beats advertising crisis

Stellar has previously promoted XLM mass gifts, a blog post describing the feature as the "core" of his "vision and strategy".

"… The network has grown enough because mass distributions make sense," the executives write.

The XLM exceeds the EOS to enter the top five of the cryptography, this week is faced with new controversy after the agents emerged had the power to cancel the transactions that had already confirmed on its network.

Currently causing social media fury, the case involved an EOS account that had been phishing and funds transferred without the owner's permission.

By adopting the question, an 'umpire & # 39; EOS made the decision to simply reverse transactions, leading to criticism of protocol ethics.

During an interview last month, CTO Daniel Larimer rejected the need for decentralized functionality in EOS, arguing that the concept "is not what we seek".

What do you think of Stellar that reaches the first five cryptocurrencies? Let us know in the comments below!

Images courtesy of Shutterstock

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