What is Stellar?
Stellar is an open-source blockchain platform designed to facilitate cross-border payments and digital asset transfers. It allows users to transfer value quickly, reliably, and at low cost—regardless of currency. The network supports the issuance of digital representations of any currency and offers a decentralized exchange for efficient trading.
Whitepaper: Stellar Consensus Protocol Whitepaper
How does Stellar work?
Stellar uses the Stellar Consensus Protocol (SCP), a Proof-of-Agreement (PoA) consensus mechanism. This protocol allows the network to process transactions quickly and efficiently without relying on energy-intensive mining. Transactions are validated by a network of independent nodes that collaborate to reach consensus, ensuring a high degree of decentralization and security.
The token
Ticker: XLM
Category: Platform Token
Blockchain: Stellar
Protocol: Stellar Consensus Protocol (SCP)
Launch date: 2014
The technology behind Stellar
Stellar’s architecture is built for scalability and efficiency. The network can handle up to 1,000 operations per ledger and has processed tens of billions of operations since 2015. Transactions are confirmed within five seconds, and the average transaction fee is a fraction of a cent—just 0.000053 XLM.
The Stellar ecosystem
The Stellar ecosystem includes a wide range of projects and services, such as:
- Anchor services: Financial institutions that link fiat currencies to the Stellar network, enabling seamless fiat on- and off-ramps.
- Decentralized exchanges: Built-in functionality for trading digital assets without intermediaries.
- Wallets: A variety of wallets support XLM, from hardware to mobile wallets, allowing users to store and manage their assets securely.
Who founded Stellar?
Stellar was founded in 2014 by Jed McCaleb and Joyce Kim. Jed McCaleb is also known as the co-founder of Ripple and the creator of the eDonkey2000 file-sharing network.
Price at this moment
24h ago
€0.24420155
The value of Stellar 24 hours ago
24h highest price
€0.24959700
The highest value of Stellar the last 24 hours
24h lowest price
€0.23996500
The lowest value of Stellar the last 24 hours
24h difference
€0.00056445
The value in which Stellar has dropped or increased the last 24 hours
Impact on the environment
Click here to read more information about the impact of this coin on the environment.
Risk disclaimer
Please note: for more information about this crypto asset, consult the official resources provided by the project via https://stellar.org/.
Before trading, make sure to read the general risk warning about crypto asset trading:
Cryptocurrencies, including Stellar (XLM), are volatile and involve risks. The value of XLM can fluctuate significantly, and investments may result in financial losses. Always do your own research and only invest money you are prepared to lose.