|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:||Tuesday, February 25, 2020 5:57:04AM UTC|
|Current price, USD:||0.068|
|Current price, BTC:||0.0000071|
|Market capitalization, USD:||1 378 970 786|
|Available supply:||20 205 010 718 XLM|
|Volume 24 hours, USD:||457 998 009|
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, $|
|Feb 16||0.080||0.07||0.081||1 515 349 949|
|Feb 17||0.073||0.069||0.073||1 451 608 471|
|Feb 18||0.071||0.071||0.076||1 502 885 377|
|Feb 19||0.075||0.071||0.078||1 428 825 363|
|Feb 20||0.071||0.069||0.072||1 436 695 196|
|Feb 21||0.071||0.071||0.073||1 456 188 817|
|Feb 22||0.072||0.069||0.072||1 401 477 521|
|Feb 23||0.069||0.069||0.074||1 487 408 611|
|Feb 24||0.073||0.069||0.073||1 402 818 802|
|Feb 25||0.070||0.068||0.07||1 378 970 786|
|XLM price change 24 hours||-2.48%|
|XLM price change 7 days||-6.4%|
XLM looks like it’s about to get flushed down the toilet. According to trustworthy TA, XLM is on track to visit 6 cents and below. It’s currently fluctuating between 9-11 cents, so it can potentially see another 50% devaluation. Although the tech is...
Jareb543 August 22, 2019 XLM
I really don’t understand why XLM isn’t totally mooning right now. After World Wire and all their announcements, how is XLM not just a top 3 coin by now. I’m patiently waiting, as I believe that XLM is going to make it. One thing that’s for sure is...
Carlos April 14, 2019 XLM
XLM and IBM presented wordwire to the world. This is a direct competitor to SWIFT, which is a globally recognized payment processor. Blockchain is shaking traditional ways we send money, and XLM is the first to realize this. It's surprising that the...
Jed March 25, 2019 XLM
Stellar is one of the top ranking projects for a reason. XLM and IBM are going to be the first to market because Jesse Lund has already stated that they will debut World Wire with over 60 banks- all of which will use XLM as the native currency...
Clara March 7, 2019 XLM
If there's one coin out there besides BTC that looks to have a bright future, it's XLM. IBM just confirmed their world wire will be immediately available in over 50 countries and will utilize XLM. This is huge news. IBM is adamant about pushing...
miKe February 24, 2019 XLM
|Price, USD||24h||7 days|
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