19.2 C
19 September 2021

Stellar current price is €0.2749.


Stellar current price is €0.2749 with a marketcap of €6.52 B. Its price is -1.55% down in last 24 hours.

  • stellar
    Stellar (XLM)
  • Live Price
  • 24h %
  • Market Cap
    €6.52 B
  • Volume
    €309.82 M
  • Available Supply
    23.73 B XLM
  • Rank

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More Info About Coin

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 ExchangeThrough 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.

Historical Data

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Twitter News Feed

✨Get inspired around how we’re investing in the community’s vision @ #Meridian2021. Stellar Community Fund projects @LeafGlobalTech, @script3official, and @LitemintHQ will share how community engagement and ingenuity have helped them grow!

Register @ https://meridian.stellar.org/

Next Wed, 9/22 @ 3:45pm ET: Mark your calendars for a panel discussion on Cryptocurrency and the Global Market during the #CHCIHHM21 Leadership Conference hosted by @CHCI. @DenelleDixon will join @RepDarrenSoto and speakers from @BlockchainAssn and @Visa. https://www.stellar.org/events/cryptocurrency-and-the-global-market-panel

This Friday, 9/17 @ 10:15am ET: Join SDF Head of Ecosystem, Justin Rice, for a panel discussion about closing the gap on financial inclusion at #BlockchainCentral, hosted by the @GBBCouncil https://www.stellar.org/events/gbbc-blockchain-central-unga-panel

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