Stellar
StellarRank: # 17
Market Cap: $ 5,913,287,054
Volume (24hrs): $ 159,430,324
Circulating Supply: 33,944,200,517 XLM
Price in BTC: Ƀ 0.00000289
Change (1 Hr): 0.27%
Change (7 Days): -17.90%
Change (30 Days): -13.74%
All Time High: $ 0.875563
All Time High Date: January 3, 2018
Stellar Coverter:
Stellar Coverter:
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| Date | Open | Close | High | Low | Volume |
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| # | Source | Pair | Volume | Price | Change | Updated |
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- SecondFi targets two-week recovery after Cardano wallet exploitCointelegraph.com News - 9 hours agoSecondFi says it has completed forensic investigations, taken a final balance snapshot and is preparing to return assets.Cardano wallet SecondFi has identified a recovery path…
- EU lawmakers urge assessing DeFi, staking, NFT regulationCointelegraph.com News - 12 hours agoThe nonbinding report outlines Parliament’s vision for future EU crypto regulation and warns against national MiCA rules.The European Parliament’s economic affairs committee has urged the…
- Securitize expects to raise $400M ahead of public debutCointelegraph.com News - 15 hours agoSecuritize says less than 30% of shareholders in the acquisition firm taking it public elected to redeem, giving it an expected $400 million on its…
- Here’s what happened in crypto todayCointelegraph.com News - 15 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…
- SOL reclaims $72, but onchain data flags weakening momentumCointelegraph.com News - 18 hours agoSolana found strength from tokenized stock trading on its network, but a declining TVL and DEX volumes point to fading momentum. Key takeaways:Solana native token…
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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