

Rank: # 21
Market Cap: $ 12,708,576,197
Volume (24hrs): $ 296,802,477
Circulating Supply: 31,851,578,182 XLM
Price in BTC: Ƀ 0.00000340
Change (1 Hr): 0.19%
Change (7 Days): 2.68%
Change (30 Days): -2.04%
All Time High: $ 0.875563
All Time High Date: January 3, 2018
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- How to use ChatGPT to research coins before you investCointelegraph.com News - 27 minutes agoBefore investing in any cryptocurrency, it’s crucial to do your homework. That’s where you can use ChatGPT to help break down coins, analyze risks and…
- What happens if Bitcoin reaches $1 million?Cointelegraph.com News - 31 minutes agoA $1-million Bitcoin would upend global finance, reshaping wealth, inflation, energy markets and the very role of fiat currencies. Bitcoin has already achieved major highs…
- SEC approves first US multi-asset crypto ETP, from GrayscaleCointelegraph.com News - 49 minutes agoThe SEC approved Grayscale’s Digital Large Cap Fund, the first US multi-asset crypto ETP offering exposure to Bitcoin, Ether, XRP, Solana and Cardano. The US…
- How high can DOGE price go as first Dogecoin ETF goes live?Cointelegraph.com News - 1 hour agoDOGE analysts highlighted the potential of a price surge to $1 and beyond, fueled by the launch of the first Dogecoin ETF in the United…
- ASIC eases licensing rules for stablecoin distributors in AustraliaCointelegraph.com News - 1 hour agoAustralia’s financial regulator has granted licensing exemptions for intermediaries distributing AFS-licensed stablecoins, starting with AUDM. The Australian Securities and Investments Commission (ASIC) has introduced licensing…
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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