Stellar current price is $0.0877.

Stellar current price is $0.0877.


Stellar current price is $0.0877 with a marketcap of $2.27 B. Its price is -1.61% down in last 24 hours.


Buy / Sell Stellar
  • stellar
    Stellar (XLM)
  • Live Price
    $0.0877
  • 24h %
    -1.61%
  • Market Cap
    $2.27 B
  • Volume
    $75.89 M
  • Available Supply
    25.70 B XLM
  • Rank
    28

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More Info About Coin

The Stellar network is an open source, distributed, and community owned network used to facilitate cross-asset transfers of value. Stellar aims to help facilitate cross-asset transfer of value at a fraction of a penny while aiming to be an open financial system that gives people of all income levels access to low-cost financial services. Stellar can handle exchanges between fiat-based currencies and between cryptocurrencies. Stellar.org, the organization that supports Stellar, is centralized like XRP and meant to handle cross platform transactions and micro transactions like XRP. However, unlike Ripple, Stellar.org is non-profit and their platform itself is open source and decentralized.Stellar was founded by Jed McCaleb in 2014. Jed McCaleb is also the founder of Mt. Gox and co-founder of Ripple, launched the network system Stellar with former lawyer Joyce Kim. Stellar is also a payment technology that aims to connect financial institutions and drastically reduce the cost and time required for cross-border transfers. In fact, both payment networks used the same protocol initially.Distributed ExchangeThrough the use of its intermediary currency Lumens (XLM), a user can send any currency that they own to anyone else in a different currency.For instance, if Joe wanted to send USD to Mary using her EUR, an offer is submitted to the distributed exchange selling USD for EUR. This submitted offer forms is known as an order book. The network will use the order book to find the best exchange rate for the transaction in-order to minimize the fee paid by a user.This multi-currency transaction is possible because of "Anchors". Anchors are trusted entities that hold people’s deposits and can issue credit. In essence, Anchors serves as the bridge between different currencies and the Stellar network.Lumens (XLM)Lumens are the native asset (digital currency) that exist on the Stellar network that helps to facilitate multi-currency transactions and prevent spams. For multi-currency transactions, XLM is the digital intermediary that allows for such a transaction to occur at a low cost.In-order to prevent DoS attacks (aka spams) that would inevitably occur on the Stellar network, a small fee of 0.00001 XLM is associated with every transaction that occurs on the network. This fee is small enough so it does not significantly affect the cost of transaction, but large enough so it dissuades bad actors from spamming the network.Prior to Protocol 12, Stellar had a built-in inflation mechanism conceived to allow account holders to collectively direct inflation-generated lumens toward projects built on Stellar.As the network evolved and grew, it became increasingly clear that inflation wasn’t working as intended — account holders either didn’t set their inflation destination or joined inflation pools to claim the inflation themselves, and the operational costs associated with inflation payments continued to rise — and so a protocol change to disable inflation was proposed, implemented, voted on by validators, and ultimately adopted as part of a network upgrade.The inflation operation is now deprecated.https://developers.stellar.org/docs/glossary/inflation/

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Twitter News Feed

To the Stellar community, ecosystem, and partners,

Thank you for all that you do, all that you build, and all that you contribute to this space.

Happy Thanksgiving!

From,
SDF 🧡

Happy Thanksgiving! Today we’re taking a break from questing and honoring our Stellar Quest community by telling tales of quests past.

Quest 5 of Series 5 launches next Monday, 11/28 — see you then! https://stellar.org/blog/an-ode-to-lumenauts-the-thanksgiving-special

“If blockchain is to help power a more inclusive, equitable future of finance, it is critical that the underlying technology is also sustainable. The research SDF has done is simply a starting point,” says @DenelleDixon in the @fincolumnist 👉🏼https://www.financialcolumnist.com/?view=article&id=9&catid=21

Why blockchain is STILL the answer to improving the financial system:

1/ It promotes interoperability and inclusion
2/ Decentralization creates opportunity
3/ Consensus can be sustainable

(via @JedMcCaleb in @CoinDesk, 2020) 👇
https://www.coindesk.com/policy/2020/05/09/im-still-betting-on-blockchain-to-improve-economic-opportunity/ https://twitter.com/i/web/status/1595158169335918593

If you're hungry for more #Soroban, more rewards, more MORE! be sure and check out the Sorobanathon. If you thought SQ rewards were crazy wait till you get to reading and submitting to that program.

https://github.com/stellar/sorobanathon

Top technical talent is scarce, and companies around the world are struggling to hire as fast as their businesses are growing.

@AfricaGetpaid provides a real solution to this problem by using Stellar to connect tech companies, digital platforms, and digital professionals. 1/3

Ownership matters. It's what draws many to Web3, and it's made possible by decentralized blockchain technology — something that @alexisohanian clearly gets.

We partnered with @StellarOrg for the SCF#11 bootcamp and we took 29 teams across the globe on a 4-day design sprint process. Read about it here -https://medium.com/dfs-lab/scf-11-startup-bootcamp-the-results-18c818cd86f

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