

Rank: # 19
Market Cap: $ 7,841,774,413
Volume (24hrs): $ 175,863,915
Circulating Supply: 31,226,340,656 XLM
Price in BTC: Ƀ 0.00000240
Change (1 Hr): -0.54%
Change (7 Days): -9.65%
Change (30 Days): -12.37%
All Time High: $ 0.875563
All Time High Date: January 3, 2018
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- Pacific nation Nauru passes law to establish a crypto regulatorCointelegraph.com News - 37 minutes agoThe brother of former FTX CEO Sam Bankman-Fried once plotted to buy Nauru and build a doomsday bunker using funds from the now-defunct crypto exchange.…
- Bitcoin to Ether shift going unnoticed with ‘bear market PTSD’ — TraderCointelegraph.com News - 39 minutes agoA crypto analyst says the altcoin season “we are all craving for” now hinges on Ether doing better and showing strength. Crypto market interest is…
- Ohio House passes bill allowing up to $200 tax-free crypto paymentsCointelegraph.com News - 40 minutes agoOhio’s House passed a bill to legally insulate various crypto activities, such as mining and staking, and exempt some transactions from capital gains tax. Ohio’s…
- Need ChatGPT’s help? It could be making you dumberCointelegraph.com News - 50 minutes agoMIT research has found heavy use of ChatGPT impairs memory, lowers brain engagement and may hinder learning by replacing critical cognitive processes. Artificial intelligence chatbots…
- US Bitcoin ETFs hit 8-day inflow streak despite Middle East tensionsCointelegraph.com News - 1 hour agoThe spot Bitcoin ETFs recorded their eighth straight day of inflows as early market panic from the Israel-Iran conflict appears to be cooling off. US-based…
What is Stellar?
Stellar is a public blockchain platform that uses the Stellar consensus protocol (SCP). The node that finds next valid block is chosen by federated byzantine agreement. This makes the blockchain centralized permission based, as opposed to decentralized blockchains like Bitcoin or Ethereum. Stellar is a community driven open source project launched in November 2014 and written on C++. It is maintained and supervised by non-profit organisation Stellar.org.
The main purpose of creating this ockchain was to expands access to low-cost financial services. Stellar operates with its own token Lumen, supply of which increases a fixed rate of 1% a year. Main difference from Bitcoin is that it is based on the SCP consensus algorithm rather than mining, which means transactions are being confirmed within 2-7 seconds. Stellar has an SDKs that allows users to connect to the blockchain with external software written in Java, Golang, JavaScript, C#, Ruby, Python, Scala, iOS or any other software using REST API. Each transaction has a cost of 100 Stroops (0.00001 Lumens).
Stellar is mainly used by Money transfer companies like Tempo, Eurochange and TransferTo and mobile financial services providers like Coins.ph.
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