Difference between Hedera Hashgraph and Stellar: HBAR vs. XLM
You already know about HBAR and XLM, two crypto-currencies, but you don't know which one is better. Don't worry. Given the close correlation between these two crypto-currencies, this is one of the most frequently asked questions in the crypto-currency world. Therefore, we will try to explain in these instructions how Stellar - Lumen and the Hedera Hashgraph crypto-currency differ from each other
Hedera Hashgraph (HBAR): Important information
A more efficient substitute for the blockchain is Hedera Hashgraph, the HBAR blockchain. Hashgraph uses a directed acyclic graph (DAG), which stores data in a non-linear fashion without using a clear chain of blocks, instead of a clear series of blocks.
Hedera Hashgraph now offers three products: a file service, smart contracts, and a cryptocurrency. After passing KYC tests, anyone can sign up for the network and create dApps using Hedera Hashgraph.
The Hedera Hashgraph network supports 10,000 transactions per second. Transaction confirmation takes no more than 3-5 seconds. File service and smart contract throughput is also accessible, with a claimed speed of 10 transactions per second. A transaction costs an average of $0.0001.
The hash-based consensus works as follows:
• Nodes use the Gossip protocol to exchange information.
• To validate the transaction, the transaction information is provided to two random nodes. (Only the transaction data is sent between the nodes).
• The hashgraph uses hashes to store data instead of standard blockchain networks, which speeds up transaction completion and data exchange.
• You can see the chronological history of transactions.
Stellar (XLM): Important information
An open-source peer-to-peer digital currency network called Stellar first appeared in 2015. The network was created by current chief architect Jed McCaleb, current chief scientist David Mazières, and former lawyer Joyce Kim, who has since left Stellar. The network was created to make international money transfers faster and easier for users. In addition, it could provide cash and financial services to those without access to traditional banking services.
The crypto-currency coin lumen, or XLM for short, is used by Stellar. Although they exist side by side in the same system, Stellar and XLM are two separate entities. The blockchain network is built on top of Stellar, and lumens are the currency used there. The Stellar website states that 50 billion lumens are currently in use. You can't extract lumens since Stellar doesn't create them anymore.
Here's how Stellar works: Suppose someone wants to send $50,000 but doesn't have access to a bank that can process the transaction. That person has the ability to send the equivalent of $50,000 in lumens. Then the recipient can exchange those lumens for $50,000 or some other currency value. The end result is shorter clearing times and no bank involvement is required for either part of the transaction.
How does Hedera (HBAR) attract investors?
Anyone can develop sophisticated decentralized applications with the support of the Hedera (HBAR) public crypto-currency (dApps). Hashgraph, a cutting-edge ledger technology that outperforms traditional blockchains in terms of performance, cost and scalability, is the foundation of Hedera.
The ecosystem uses HBAR, Hedera's native token, for two purposes. HBAR supports Hedera's services, including smart contracts, file storage and regular transactions, while ensuring the security and integrity of the platform. The platform promises a throughput of 10,000 transactions per second.
Why is Stellar (XLM) a smart financial decision?
A borderless, open-source crypto-currency for digital currency exchanges is called Stellar (XLM). It was created in 2014 with the goal of bringing all financial systems under one roof and improving accessibility for everyone, especially for people who want to use financial systems without relying on traditional institutions like banks.
Stellar's growing popularity and accessibility in the unbanked regions of the world are factors in the growth of crypto-currencies. One of the advantages of the Stellar ecosystem is its very low transaction fees, which are only 0.00001 XLM per transfer. Given that an XLM unit now costs only a few cents, it may be time to invest.
Statistical differences between XLM and HBAR
The value of the coin is the main and most obvious distinction. Hedera Hashgraph can be purchased for 0.07442140 while Stellar - Lumen is now valued at 0.11820432. Stellar - Lumen had a 24-hour trading volume of 203024785.40719000.
• The total quantity of XLM coins is 50001806812, with 25121339115 currently in circulation.
• There are 21084776584 HBAR coins in circulation, with a maximum supply of 50000000000 HBAR coins.
• The change in XLM over the last 24 hours has been 4.71763334.
• The 24-hour percentage change in the Hedera Hashgraph is 3.10589366.
- In addition to the data, the roadmaps, which are available on the official project sites, will also be useful for comparing XLM and HBAR. Knowing the project goals will help you predict the future of the currency.
Should you invest your hard earned money in HBAR or XLM?
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