Technological advancement has greatly influenced the way of living by transferring many aspects of life into virtual reality. This tendency refers to trading, banking, etc. The importance of trading between various parties having different values and being far away has given birth to digital values called cryptocurrencies. They are getting much popularity these days. This tendency is mostly connected with the fact that cryptocurrencies are monitored decentralized. Banks or governments do not control them, unlike real currencies. Most cryptocurrencies use blockchain technology. In other words, the transactions done through those platforms make up a single block that is visible to everyone. However, the parties’ personal details are not revealed to the third parties. XLM and BTC are examples of successful cryptocurrencies. If you are interested in XLM to BTC convert, or vice versa, firstly, you are recommended to get to know them separately better.
What is Bitcoin?
Bitcoin, or BTC, is a leading cryptocurrency in the market. It was created in 2009. However, the creator of this cryptocurrency is unknown up to now. Unlike real values, cryptocurrency offers lower transaction fees, which attracts investors mostly. Moreover, this cryptocurrency is controlled by a decentralized authority, which means that its value is determined by its popularity. It uses cryptography to protect the users’ data securely. BTC does not suggest having any real money; it consists of only balances kept on a ledger. Transactions are verified through computing systems, and this process is known as “mining.” Thanks to this, it is almost impossible to hack the system. The success of BTC has encouraged the creation of many other cryptocurrencies. Despite many failures and ups during its existence, BTC has occupied its leading place in the market. It has the most active circulation leaving behind many other cryptocurrencies. It was the first ne to use peer-to-peer technology to make payments easier for investors. The network does not belong to a single government or organization. Its credibility is decided by its popularity among the miners.
What is XLM?
XLM or Stellar Lumens is another popular cryptocurrency. This digital value was developed by Stellar Development Foundation soon after creating BTC cryptocurrency. The main founder is Jed McCaleb. Its native token is the lumen. Like BTC, XLM also uses blockchain technology which connects various networks, investors, online banks, etc. The low-cost fee is the main advantage of this cryptocurrency. An investor may use this open-source network to exchange digital money for real one regardless of the location. Unlike real currencies, banks’ digital values are not issued; they are monitored in a decentralized way. The foundation aims to provide low-cost and time-efficient transactions across the globe. Within the last five years, XLM has had one of the biggest market caps worth $1 billion.
Both BTC and XLM are leading cryptocurrencies in the market. However, each of them has its advantages and disadvantages. You may get acquainted with various crypto values on the crypto exchange aggregator Alligat0r. First, you need to create your online wallet on it. Then you may check the best prices for each cryptocurrency and exchange it most profitably. However, to avoid risks like money laundering, speculation, etc., be aware of the potential risks while making any deal.