|Brief||The Stellar platform was founded by Jed McCaleb and Joyce Kim as a fork of Ripple (XRP) in 2014. At first it worked on the protocol of Ripple, but then in 2015 an original Stellar protocol with open source code was created.|
|Last updated:||20 February, 2019 11:29:04|
|Current price, USD:||$0.090|
|Current price, BTC:||0.0000227|
|Market capitalization, USD:||$1 726 708 083|
|Available supply:||19 175 502 180 XLM|
|Volume 24 hours, USD:||$155 266 639|
General XLM facts, technical details and general information about Stellar crypto currency
The Stellar platform was founded by Jed McCaleb and Joyce Kim as a fork of Ripple (XRP) in 2014. At first it worked on the protocol of Ripple, but then in 2015 an original Stellar protocol with open source code was created, and the units of the crypto currency were named stellar, though now they are often also called lumens. Why did Stellar project founders decide to separate from a very promising platform? The reason is Ripple is still being harshly criticized by many experts for being a completely centralized platform controlled by Ripple Labs company; Ripple’s code has been closed for a long time. Stellar was meant to be “a killer” platform by giving the same benefits as Ripple avoiding its flaws.
Stellar is a fairly fast and scalable open source platform that already supports up to several thousand transactions per second; transaction confirmation time does not exceed 2-5 seconds. The platform can transfer various currencies, crypto-currencies, tokens and so on. To confirm transactions, SCP protocol is used instead of the usual Proof-of-Work. The platform allows you to use both multi-signature and smart contracts. A total of about 100 billion coins have been created, and a fixed annual inflation of 1% is also present. All coins are issued initially, so this crypto currency is not mineable. Most of the issued coins belong to the non-profit organization Stellar.org, which provides support and development for the Stellar network. The main mission of this organization was the fight against poverty, creating every inhabitant of the world access to open and low-cost financial instruments, cheap loans and reliable savings accounts.
We list daily Stellar historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|20 Feb||0.090||0.089||0.091||1 720 200 011|
|19 Feb||0.087||0.087||0.092||1 666 556 778|
|18 Feb||0.081||0.08||0.086||1 545 880 659|
|17 Feb||0.078||0.078||0.081||1 500 610 845|
|16 Feb||0.079||0.078||0.079||1 513 660 554|
|15 Feb||0.079||0.077||0.081||1 516 293 398|
|14 Feb||0.077||0.075||0.08||1 476 406 936|
|13 Feb||0.077||0.076||0.079||1 484 753 026|
|12 Feb||0.076||0.076||0.079||1 459 794 106|
|11 Feb||0.079||0.077||0.079||1 516 523 272|
|XLM price change 24 hours||-0.93%|
|XLM price change 7 days||16.96%|
At the moment, it is large traders who are able to stimulate an uptrend in the cryptocurrency market, and their passivity limits the potential for its recovery.
The XLM price, unlike other coins, has already updated its lows ($ 0.107), which indicates its relative local weakness. All that an investor has to do in such conditions is to remain out of position and watch the events aside in order to save capital for future purchases.
We publish the most accurate Stellar Forecasts and News including crypto industry experts' opinion on a daily basis