ISO 20022 Crypto Revolution: Stellar, Algorand, IOTA, and Hedera Lead the Way

• Stellar (XLM) bridges global financial systems, enabling fast, low-cost cross-border payments using distributed ledger technology.
• Algorand (ALGO) offers scalable, energy-efficient blockchain solutions with smart contracts and decentralized apps through pure proof-of-stake.
• IOTA and Hedera (HBAR) innovate DLT with fee-free transfers, unique consensus models, and enterprise-grade security for diverse applications.

As ISO 20022 adoption approaches in January, cryptos like Stellar, Algorand, IOTA, and Hedera redefine decentralized finance with speed, efficiency, and scalability, unlocking new possibilities for global financial systems.

Stellar (XLM): Bridging Global Financial Systems

Source: Coinmarketcap

Stellar (XLM) works as a distributed digital platform whose purpose is to integrate different global financial systems. It aims to enable convenient, inexpensive, and fast and safe fund transfers. XLM is the native asset of the network and is used for exchange rate conversions and paying transaction fees. Stellar payment protocol utilizes distributed ledger technology for ripple effect to carry out cross-border transactions to provide the people in one world’s nation with a capability of accessing universal financial services.

Stellar also functions as a decentralized marketplace with a built-in order book for managing buy/sell orders and multi-currency transactions. Additionally, its Anchors system bridges different currencies to enhance transaction speed and efficiency.

Algorand (ALGO): A Scalable and Efficient Blockchain

Source: Coinmarketcap

Algorand is an open-source used by a variety of applications that need to implement secure, horizontal, and perpetual systems. It has a pure proof-of-stake consensus, and therefore, there is no mining, and transaction fees . Algorand intends on solving several issues that come with actual blockchains, including low throughput and high energy consumption. The platform offers the execution of smart contracts as well as decentralized applications, which are suitable for practical implementation.

IOTA(IOTA) Innovations in DLT

Source: Coinmarketcap

IOTA uses a different form of the DLT, known as the Tangle, that improves the system’s performance and capacity by integrating multiple processes simultaneously. It removes the possibility of fees and extra verification agencies, thus supporting cheap transfers.

Hedera(HBAR) unique consensus models

Source: Coinmarketcap

Hedera (HBAR) is an enterprise-grade distributed ledger technology platform that it based on hashgraph consensus algorithm. They also offer tokenization, smart contract, file storage service together with fast transaction speed and security. The network is highly secure due to the decentralised management of the network decision making process.

These platforms highlight advancements in blockchain and DLT technologies, each addressing specific use cases and challenges in the decentralized ecosystem.