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Stellar current price is $0.0932.

Stellar current price is $0.0932 with a marketcap of $2.45 B. Its price is 3.96% up in last 24 hours.


Buy / Sell Stellar
  • stellar
    Stellar (XLM)
  • Live Price
    $0.0932
  • 24h %
    3.96%
  • Market Cap
    $2.45 B
  • Volume
    $78.16 M
  • Available Supply
    26.29 B XLM
  • Rank
    30

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★ More Info About Stellar

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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Stellar Twitter News Feed

Another day, another opportunity to create real-world value on Stellar. Effortlessly issue, mint, and burn assets with the Stellar Asset Sandbox.

Proud of the team for getting this off the ground. https://stellar.org/asset-issuance

The Stellar Network is built for asset issuance and tokenization. Today, we've launched a new, simple-to-use sandbox that demonstrates the power and simplicity of Stellar's native asset issuance features. Try it our or learn more about #IssuedOnStellar!

http://stellar.org/asset-issuance

1/ Introducing the Stellar Asset Sandbox - In a simple-to-use interface, you can issue, mint, and burn new assets on the Stellar testnet, no code required.

https://stellar.cheesecakelabs.com/

1/ ICYMI, SDF shared that we’ve made big strides on our Q4 ‘22 call today. We’re delivering on our roadmap and making real impact. Let’s dig in ↓

Grab a warm coat and join @Stellarorg in The Mile High City on February 24th for the world’s largest #BUIDLathon.

Apply to #ETHDenver today:https://www.ethdenver.com/apply

Join us in The Mile High City on February 24th for the world’s largest #BUIDLathon. Apply to #ETHDenver today 👇

https://www.ethdenver.com/apply

Blockchain doesn't solve all financial problems, but Stellar Aid Assist helps organizations send payments to many people at once—quickly, affordably, transparently, across borders. For receivers, getting funds in a digital wallet empowers choice & dignity

https://stellar.org/aidassist

Live in 1 hour: Stellar Development Foundation’s quarter in review! Don’t forget to register if you want to join the discussion 👇 https://stellar.org/events/stellar-development-foundation-q4-2022-in-review

Giving power back to the people. Stellar Aid Assist allows aid orgs to deliver critical cash assistance to vulnerable people quickly, affordably, and transparently.

https://stellar.org/aidassist

Remittances are largely still a manual process. People have to:

🚗 Travel in person to send or receive a remittance
💰 Pay a hefty transaction fee
🚨 Send or receive their remittances in physical cash, which can present safety concerns

@Felixpago and @Bitso offer a solution ↓

Still time to register for the Stellar Development Foundation’s quarter in review! See you tomorrow at 9am PT | 12pm ET.

https://www.stellar.org/events/stellar-development-foundation-q4-2022-in-review

The program continues...Join us on Tues at 9am PT for our Q4 2022 quarter in review. I'll be leading the discussion with two of SDF’s best @NJinCalifornia and @jricetweets. https://stellar.org/events/stellar-development-foundation-q4-2022-in-review

At #Meridian22, SDF engineer Garand Tyson explained why the Stellar network has used Bucket Lists over traditional Merkle Trees.

The short version: the Bucket Lists Stellar currently operates on are superior. Full video here: https://youtu.be/Xhyjp-UVYRU

My first blog is about Stellar's new database structure, BucketListDB. Disk usage decreases by more than 45%, read speeds increase 400%, and validator startup time is slashed in half. Check out Garand Tyson's presentation on it at Meridian last year: https://www.youtube.com/watch?v=Xhyjp-UVYRU https://twitter.com/StellarOrg/status/1618680058302070785

Stellar @StellarOrg

Having two data structures for a database is inefficient. That’s why the Stellar network is implementing a 2-in-1 solution, BucketListDB. @vronirwin explains ↓
https://stellar.org/developers-blog/data-structure-bucketlistdb

Having two data structures for a database is inefficient. That’s why the Stellar network is implementing a 2-in-1 solution, BucketListDB. @vronirwin explains ↓
https://stellar.org/developers-blog/data-structure-bucketlistdb

“What we’re trying to do is to be able to allow the end user to receive their aid quickly," @StellarOrg's @DenelleDixon says at our #Davos2023 panel.

With Stellar Aid Assist, "they can have their aid within two-and-a-half minutes.”

Watch more: https://www.coindesk.com/tv/coindesk-studios-at-davos-2023/partner-content-panel-humanitarian-aid-and-reconstruction-through-digital-currency/?term=organic&utm_campaign=CoinDesk+Studios&utm_content=marketing%2CStellar%2Cdavos%2Cstudios&utm_medium=social&utm_source=twitter

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