Stellar
StellarRank: # 20
Market Cap: $ 6,544,692,487
Volume (24hrs): $ 165,155,768
Circulating Supply: 34,845,175,038 XLM
Price in BTC: Ƀ 0.00000243
Change (1 Hr): 2.00%
Change (7 Days): 7.60%
Change (30 Days): 22.20%
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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- 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, Web3 and…
- CFTC expands regulatory relief for passive trading software providersCointelegraph.com News - 10 hours agoThe US regulator’s move could make it easier for crypto wallets and other apps to offer access to regulated derivatives and prediction markets without registering…
- WisdomTree, MoonPay team up to expand US access to tokenized money market fundCointelegraph.com News - 11 hours agoMoonPay plans to use WisdomTree’s $1.2 billion WTGXX tokenized fund as part of its stablecoin reserves while helping expand access to US investors.WisdomTree and MoonPay…
- Is there any chance left to save the CLARITY Act?Cointelegraph.com News - 12 hours agoCLARITY isn’t dead after failing a key Senate vote, but with time running short and Democrats still demanding changes, its path forward is narrowing.Water, water…
- Bitcoin coils near $76.5K as US stocks rebound from Fed rate hikeCointelegraph.com News - 13 hours agoBitcoin made modest daily gains as US stocks saw upside in the aftermath of the US Federal Reserve’s first interest-rate hike since July 2023. Bitcoin…
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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