Stellar
StellarRank: # 20
Market Cap: $ 6,031,654,586
Volume (24hrs): $ 119,225,900
Circulating Supply: 35,246,840,687 XLM
Price in BTC: Ƀ 0.00000212
Change (1 Hr): -0.46%
Change (7 Days): -6.68%
Change (30 Days): -26.13%
All Time High: $ 0.875563
All Time High Date: January 2, 2018
Stellar Coverter:
Stellar Coverter:
Stellar Chart
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- News
| Date | Open | Close | High | Low | Volume |
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| # | Source | Pair | Volume | Price | Change | Updated |
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- Bitcoin faces fresh pressure after Fed’s hawkish rate hold: AnalystsCointelegraph.com News - 27 minutes agoTraders are pricing in a 78% chance of a December rate hike, while analysts say Treasury yields, the US dollar and upcoming inflation data could…
- Canadian ‘crypto king’ case to go to jury as criminal trial winds downCointelegraph.com News - 4 hours agoAiden Pleterski, facing fraud charges in Canada over his alleged role in a digital asset Ponzi scheme, said that he was innocent at closing.The criminal…
- Here’s what happened in crypto todayCointelegraph.com News - 5 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…
- Sam Bankman-Fried wrote to actor portraying him in Netflix seriesCointelegraph.com News - 6 hours agoThe former FTX CEO remains incarcerated as Irish actor Anthony Boyle portrays him in a series about the downfall of the crypto exchange and his…
- Strategy shareholders approve daily dividends for four preferred stocksCointelegraph.com News - 7 hours agoThe largest Bitcoin treasury company will begin daily dividend payments on STRC in November, with three other preferred securities following in January 2027.Bitcoin treasury company…
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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