It is almost impossible to imagine the modern world without modern, sophisticated technologies. The ever-increasing influence of sophisticated technologies is tangible on trading and online banking as well. The urge for international trading has triggered the birth of digital values.
Those digital values that are quite popular these days are called cryptocurrencies. Unlike any real currency, cryptocurrencies do not have centralised control, and they do not belong to a certain government and organisation. In other words, no one can decide when this or that crypto can be stopped its circulation. Instead, the circulation in the market decides the popularity of any digital currency.
Cryptocurrencies are used to buy, exchange and sell products and services. They are based on blockchain technology, and each transaction done through a separate computing system. This decreases the chances of hacking and ensures a high level of security. Each transaction makes up a single block on the system, visible to all the users. However, the details connected with the parties are not revealed.
Moreover, they are not saved on the storage, which boosts the security even more. XLM and BTC are examples of currencies that hugely influence the market. If you are interested in BTC to XLM exchange, or vice versa, you are recommended to continue reading this brief review.
What is XLM?
Stellar Development Foundation founds stellar, which is shortly known as XLM. Lumen is the currency used by this organisation in the marker. Because of this, very often, this crypto is called Stellar Lumen.
XLM has also based blockchain technology, like many other digital currencies. Thanks to this currency, online trading, investment, banking are quite straightforward among various parties and organisations. Its platform is open-source available for everyone interested in it. The popularity of this currency is quite wide, and its circulating supply is almost $1 billion or over 22.5 billion cons. It has a supply of 50 billion.
What is BTC?
Bitcoin, which is abbreviated as BTC, came into circulation in 2009. It was one of the first cryptocurrencies which success has encouraged the birth of many others. The creator of it is anonymous, and his identity is not revealed. Along with blockchain technology, BTC uses peer-to-peer technology.
What does it mean? Many cryptocurrencies cooperate with real banks or organisations. They serve as a medium between the buyer and the seller. The information is also kept in storage to solve potential problems that may arise in the future. This is not the case with BTC users. The transactions are done immediately between the seller and the buyer. The information is not saved, thus decreasing the risks connected with hacking. Since its foundation, this currency has undergone various alterations and had many downs. However, nowadays, it remains its leading role in the market.
Why Exchange BTC to XLM?
The conversion of BTC to XLM has many pros and cons. AS stated above, BTC is one of the leading currencies, which offers one of the fastest transactions for investors. However, this is not a stable coin, and the current fluctuations connected with BTC discourage many investors from investing in it. Compared to BTC, XLM is a more stable coin. Moreover, the transaction fees for BTC users are very high. Not everyone agrees to pay them for each transaction. Because of the reasons, many prefer to exchange BTC to XLM. If you want to get more information, you may check on the crypto exchange platform – LetsExchange.