Stellar
StellarRank: # 16
Market Cap: $ 6,972,855,949
Volume (24hrs): $ 789,793,088
Circulating Supply: 33,728,496,796 XLM
Price in BTC: Ƀ 0.00000332
Change (1 Hr): 0.16%
Change (7 Days): -15.83%
Change (30 Days): 27.91%
All Time High: $ 0.875563
All Time High Date: January 3, 2018
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- Bitcoin most oversold since 2020 crash: Can BTC rebound to $70K next?Cointelegraph.com News - 1 day agoBitcoin’s latest oversold RSI mirrors 2020 and February 2026 setups that preceded 50% and 30% rebounds, putting $70K back in focus.Bitcoin (BTC) is now flashing…
- ETH falls to 13-month low on Zcash bug news and Bitcoin drop to sub-$60K: Is $1.4K next?Cointelegraph.com News - 1 day agoETH price crashed below $1,600 as a vulnerability in Zcash emerged and Bitcoin sold off below $60,000 for the first time in months. Key takeaways:Ether…
- Travala lets AI agents book hotels with USDC on BaseCointelegraph.com News - 1 day agoTravala’s new protocol lets AI agents search and book hotels with USDC on Base, but travelers still approve the final payment.Singapore-based crypto travel platform Travala…
- Crypto tax proposals weighed ahead of Tuesday House hearingCointelegraph.com News - 1 day agoAmong the issues US lawmakers are expected to discuss in a digital asset taxation hearing are “de minimis” reporting exceptions for crypto transactions.The US House…
- Bitcoin bears face $2.6B trap as BTC funding rate drops: Is a short squeeze brewing?Cointelegraph.com News - 1 day agoBitcoin bears piled into short positions as BTC price slid to $60,000. Will the $2.6 billion in short leverage lead to an upside squeeze? Key…
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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