Stellar
StellarRank: # 20
Market Cap: $ 10,080,233,486
Volume (24hrs): $ 268,871,417
Circulating Supply: 32,038,297,680 XLM
Price in BTC: Ƀ 0.00000286
Change (1 Hr): 1.44%
Change (7 Days): 1.47%
Change (30 Days): -14.62%
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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- How Evernorth plans to turn XRP into a $1B corporate treasury assetCointelegraph.com News - 18 minutes agoEvernorth plans to go public via a SPAC and deploy over $1 billion to buy and manage XRP, creating one of the largest public XRP…
- Bitcoin ETFs post $470M outflows as Fed cuts rates, Trump talks tradeCointelegraph.com News - 23 minutes agoSpot Bitcoin ETFs recorded their largest day of outflows in two weeks as the Federal Reserve cut rates, leading to a choppy day for US…
- Frax, IQ launch Korean won-pegged KRWQ on Base amid stablecoin pushCointelegraph.com News - 36 minutes agoCrypto protocols Frax and IQ have partnered to launch KRWQ, a Korean won stablecoin designed to be fully regulatory-compliant amid the country’s stablecoin push. Crypto…
- Institutional backers plot $500M Canton token treasury: ReportCointelegraph.com News - 48 minutes agoDRW Holdings and Liberty City Ventures are reportedly exploring the creation of a Canton Network token treasury, signaling significant institutional backing for the blockchain. Trading…
- Solana ETFs finally launched: So why isn’t SOL trading far above $200?Cointelegraph.com News - 1 hour agoSOL investors bet on an ETF approval and set price targets from $300 to $1,000. The ETFs are live now, but Solana price still trades…
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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