Stellar
StellarRank: # 20
Market Cap: $ 6,738,528,473
Volume (24hrs): $ 237,515,919
Circulating Supply: 35,047,422,570 XLM
Price in BTC: Ƀ 0.00000236
Change (1 Hr): 0.85%
Change (7 Days): -12.06%
Change (30 Days): 2.46%
All Time High: $ 0.875563
All Time High Date: January 2, 2018
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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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- Here’s what happened in crypto todayCointelegraph.com News - 4 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…
- Netflix drops trailer for series based on FTX’s SBF and Caroline EllisonCointelegraph.com News - 4 hours agoSam Bankman-Fried remains in federal prison following his 2023 conviction, while Caroline Ellison was released in January.Video streaming platform Netflix released a trailer for its…
- IMF warns tokenized markets could amplify financial risksCointelegraph.com News - 6 hours agoThe global financial institution found tokenized equity markets less liquid and more volatile than traditional markets, despite growing demand for 24/7 trading.Tokenization could reshape financial…
- Bitcoin nears 3-week low as oil heads higher on Iran strike woesCointelegraph.com News - 6 hours agoBitcoin dipped below $81,000 and oil prices gained after reports that military confrontation between the US and Iran could return.Bitcoin (BTC) risked losing key support…
- US government moves $1B in seized Bitcoin after $770M transfersCointelegraph.com News - 7 hours agoBlockchain analysts identified the US government wallet tied to the recovery of funds from the Bitfinex hack.The US government completed another major transaction involving seized…
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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