Stellar
StellarRank: # 20
Market Cap: $ 6,389,037,490
Volume (24hrs): $ 161,586,660
Circulating Supply: 34,683,875,402 XLM
Price in BTC: Ƀ 0.00000231
Change (1 Hr): 0.10%
Change (7 Days): 0.30%
Change (30 Days): 5.90%
All Time High: $ 0.875563
All Time High Date: January 2, 2018
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| Date | Open | Close | High | Low | Volume |
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| # | Source | Pair | Volume | Price | Change | Updated |
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- Virtu, Tradeweb complete onchain repo using Marshall Islands digital bondCointelegraph.com News - 8 hours agoThe transaction used the Marshall Islands-issued USDM1 bond as collateral and completed the full repo cycle on the Canton Network in under 10 minutes.Virtu Financial,…
- Here’s what happened in crypto todayCointelegraph.com News - 9 hours agoNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and…
- Trump cost investors $4.7B through crypto ‘schemes’: Public CitizenCointelegraph.com News - 9 hours agoWhile investors in World Liberty Financial‘s USD1 stablecoin “haven’t suffered major losses,” many lost billions of dollars in other Trump ventures, according to Public Citizen.The…
- Mirae Asset lays out crypto, stablecoin, tokenization plans for Digital XCointelegraph.com News - 10 hours agoThe South Korean financial group plans to build a $109 billion digital asset business spanning crypto, stablecoins and tokenized assets, according to The Korea Times.South…
- Grayscale says Zcash can challenge Bitcoin’s network effects as privacy demand growsCointelegraph.com News - 10 hours agoZEC has climbed roughly 19-fold in a year, yet Grayscale says its sub-1% share of Bitcoin’s market cap leaves room for further upside. Zcash could…
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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