

Rank: # 17
Market Cap: $ 13,399,099,721
Volume (24hrs): $ 318,678,122
Circulating Supply: 31,302,857,414 XLM
Price in BTC: Ƀ 0.00000363
Change (1 Hr): -0.08%
Change (7 Days): -5.44%
Change (30 Days): -10.46%
All Time High: $ 0.875563
All Time High Date: January 3, 2018
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- Crypto to become UAE’s second-biggest sector in 5 years — Institutional investorCointelegraph.com News - 3 hours agoThe crypto industry is set to experience massive growth in the United Arab Emirates (UAE) due to its pro-tech and business regulations. The crypto sector…
- Blockchain security must localize to stop Asia’s crypto crime waveCointelegraph.com News - 7 hours agoWithout localized risk detection and public–private cooperation, illicit capital will continue to flow unchecked, and trust in the system will collapse. Opinion by: Slava Demchuk,…
- Here’s what happened in crypto todayCointelegraph.com News - 8 hours agoNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3…
- S&P Dow Jones in talks to bring tokenized indexes to exchanges, DeFi: ExecCointelegraph.com News - 8 hours agoS&P Dow Jones Indices is exploring partnerships with major exchanges, custodians and DeFi protocols to launch tokenized versions of its benchmarks. S&P Dow Jones Indices…
- Ether accumulation heats up: $882M in ETH snapped up by Bitmine, whaleCointelegraph.com News - 10 hours agoBitMine and an unknown whale have acquired nearly $882 million in Ether through major OTC desks and exchange withdrawals in a show of growing institutional…
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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