Connecty CEO – “Stellar is Extremely Cost Effective Than Ethereum”
Connecty, which is presently running an ICO, plans to create a blockchain based platform for people to search and share and variety of research. Connecty has decided to deploy its platform on Stellar (XLM) blockchain.
The CEO of connecty had explained the reasons behind choosing Stellar, instead of the popular Ethereum platform.
The >CEO Olivier Alirol has provided the following statement as the reason for choosing Stellar platform.
To run 100,000 transactions on the Stellar network, we discovered that we can expect to pay 1 XLM on average. At current XLM prices, that equates to just over $0.20 which itself equates to the cost of one single transaction on the Ethereum blockchain – when its network is not congested! There was no hesitation, therefore, in which choice of blockchain technology we were going to opt for.
Connecty is a platform based on a blockchain relating the innovations players with knowledge holders. The platform wants to bring innovators closer to the sources of knowledge to foster innovation and value creation.
Stellar has been on the limelight for the past few weeks.
- Shift Markets added XLM to its turn-key crypto exchange platform
- Smartlands deployed the first voting system on Stellar’s blockchain network.
- Stellar’s native currency, XLM, is being explored for possible addition to its Coinbase platform and also to the new Coinbase Custody, a platform for institutional investors.