Stellar XLM to Asch XAS Exchange

Crypto Pair Details: XLM to XAS

Stellar XLM

The Stellar network is an open source, distributed, and community owned network used to facilitate cross-asset transfers of value. Stellar aims to help facilitate cross-asset transfer of value at a fraction of a penny while aiming to be an open financial system that gives people of all income levels access to low-cost financial services. Stellar can handle exchanges between fiat-based currencies and between cryptocurrencies. Stellar.org, the organization that supports Stellar, is centralized like XRP and meant to handle cross platform transactions and micro transactions like XRP. However, unlike Ripple, Stellar.org is non-profit and their platform itself is open source and decentralized. Stellar was founded by Jed McCaleb in 2014. Jed McCaleb is also the founder of Mt. Gox and co-founder of Ripple, launched the network system Stellar with former lawyer Joyce Kim. Stellar is also a payment technology that aims to connect financial institutions and drastically reduce the cost and time required for cross-border transfers. In fact, both payment networks used the same protocol initially. Distributed Exchange Through the use of its intermediary currency Lumens (XLM), a user can send any currency that they own to anyone else in a different currency. For instance, if Joe wanted to send USD to Mary using her EUR, an offer is submitted to the distributed exchange selling USD for EUR. This submitted offer forms is known as an order book. The network will use the order book to find the best exchange rate for the transaction in-order to minimize the fee paid by a user. This multi-currency transaction is possible because of 'Anchors'. Anchors are trusted entities that hold people’s deposits and can issue credit. In essence, Anchors serves as the bridge between different currencies and the Stellar network. Lumens (XLM) Lumens are the native asset (digital currency) that exist on the Stellar network that helps to facilitate multi-currency transactions and prevent spams. For multi-currency transactions, XLM is the digital intermediary that allows for such a transaction to occur at a low cost. In-order to prevent DoS attacks (aka spams) that would inevitably occur on the Stellar network, a small fee of 0.00001 XLM is associated with every transaction that occurs on the network. This fee is small enough so it does not significantly affect the cost of transaction, but large enough so it dissuades bad actors from spamming the network. The collected fee is then redistributed and added to an inflation pool. This inflation pool releases Lumens at a rate of 1% each year.

Asch XAS

ASCH is a new generation block chain innovation application development platform based on side chain structure which is efficient, flexible, safe, low-cost and reused. With the use of JavaScript as its application programming language, the platform makes use of relational databases to store data, drawing similarities between developing a DAPP and developing a traditional web application. This type of platform carries a great deal of appeal to developers, as well as small and medium enterprises, since its ease of use results in greater productivity, fuelling and facilitating a more prosperous ecosystem in the process. ASCH is open in design and is not limited to any particular niche market such as news aggregation, the issue of assets, arbitration, the existence of certificate, property rights certification, the Internet of things, supply chain finance, asset digitization, commodity tracing, prepaid card system, block chain contract deposit etc. In terms of the consensus mechanism, ASCH has inherited and enhanced the DPOS algorithm, simultaneously reducing the probability of forking and double spending by a significant degree. Furthermore, ASCH’S side chain, i.e. the application mode, not only improves scalability by delaying the expansion of the block chain, but also makes DAPPS more flexible and personalized. ASCH is a forward-looking, low-cost and one-stop application solution, which is believed to be a new generation of incubator for decentralized applications. Adhering to the values of enterprise accomplishments, innovation leading, technology belief and embracing future, ASCH is devoted to building a global commercial block chain application ecosystem, which is not only using block chain technology to empower various industries, but also being the base of the world class economy. The services provided by the ASCH platform include a public chain and a set of application SDKs; the public chain is called the main chain. The ASCH application SDKs can be used to develop blockchain applications with a free-running, immutable ledger. These applications are also known as side chain applications. An application SDK has a built-in cross-chain protocol, through which the side chain can communicate with the main chain. In other words, the main chain has the function of asset routing, through which a variety of assets can flow among different applications. ASCH’s ecological system contains multiple chains, with each chain possessing the ability to carry multiple tokens or assets. Each token or asset can also be transferred to multiple chains.

SOURCE: COINGECKO

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