Re: 🔥WeBuy - First Blockchain Era eCommerce Platform with Geolocation - Airdrop🔥
XLM vs ETH: Why Stellar (XLM)
We have been asked more than once about our decision to base our WBY token on Stellar (XLM) instead of the Ethereum network that supports ERC20 tokens.
Firsthand experience has shown that the ETH network struggles to handle traffic during times of high traffic - leading to high gas prices and slow transaction times. For example, CryptoKitties almost brought it down.
On the other hand, Stellar offers significantly cheaper and faster transactions.
Furthermore, we see no need to adopt the risk of Ethereums Turing complete programming language when only a basic token in support of basic smart contracts is required. Stellars transaction model leaves less room for bad actors to exploit vulnerabilities. This makes Stellar cheaper and more secure than what Ethereum has to offer.
In addition, it takes a lot of time, money and effort to get ERC20 tokens listed on centralized exchanges. Stellar offers an in-house decentralized exchange where newly issued XLM-based tokens get listed from day one - ready for instant trading. This is without the hassle and expense associated with trying to get your token listed on centralized exchanges.
Let us know your thoughts below.
We have been asked more than once about our decision to base our WBY token on Stellar (XLM) instead of the Ethereum network that supports ERC20 tokens.
Firsthand experience has shown that the ETH network struggles to handle traffic during times of high traffic - leading to high gas prices and slow transaction times. For example, CryptoKitties almost brought it down.
On the other hand, Stellar offers significantly cheaper and faster transactions.
Furthermore, we see no need to adopt the risk of Ethereums Turing complete programming language when only a basic token in support of basic smart contracts is required. Stellars transaction model leaves less room for bad actors to exploit vulnerabilities. This makes Stellar cheaper and more secure than what Ethereum has to offer.
In addition, it takes a lot of time, money and effort to get ERC20 tokens listed on centralized exchanges. Stellar offers an in-house decentralized exchange where newly issued XLM-based tokens get listed from day one - ready for instant trading. This is without the hassle and expense associated with trying to get your token listed on centralized exchanges.
Let us know your thoughts below.