Stellar
StellarRank: # 21
Market Cap: $ 5,403,349,703
Volume (24hrs): $ 93,516,693
Circulating Supply: 33,004,234,292 XLM
Price in BTC: Ƀ 0.00000227
Change (1 Hr): -1.20%
Change (7 Days): 7.56%
Change (30 Days): 6.36%
All Time High: $ 0.875563
All Time High Date: January 3, 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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- Bitcoin 'passing geopolitical stress test' as BTC price spikes above $72KCointelegraph.com News - 6 hours agoBitcoin price analysis saw conditions slowly “building” to support a breakout as BTC emerged as the strongest macro performer since the Iran conflict began.Bitcoin (BTC)…
- Sweden probes reported leak of e-government platform source codeCointelegraph.com News - 6 hours agoSweden is investigating a reported leak tied to CGI Sverige after hackers claimed they exposed source code from the country’s e-government platform.A threat actor has…
- China’s Alibaba joins stablecoin platform MetaComp’s $35M fundraiseCointelegraph.com News - 7 hours agoMetaComp’s Pre-A+ funding round, backed by Alibaba and Spark Venture, brings the total capital raised to $35 million, with aims to expand its StableX Network…
- Bitcoin's 'extremely precise' macro signal puts $100K target back in playCointelegraph.com News - 7 hours agoUS and China’s yield crossover amid whale buying suggest Bitcoin may be close to a price bottom, setting up for a move toward six figures…
- Vitalik distances himself from nonprofit backed by SHIB donationCointelegraph.com News - 7 hours agoVitalik Buterin said he is no longer closely aligned with the Future of Life Institute after its strategy shifted following his 2021 SHIB donation.Ethereum co-founder…
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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