Stellar current price is $0.0716.

Stellar current price is $0.0716 with a marketcap of $1.49 B. Its price is 0.90% up in last 24 hours.

Buy / Sell Stellar

Stellar (XLM)
Live Price
$0.0716
24h %
0.90%
Market Cap
$1.49 B
Volume
$99.84 M
Available Supply
20.73 B XLM
Rank
19

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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 Exchange Through 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. The collected fee is then redistributed and added to an inflation pool. This inflation pool releases Lumens at a rate of 1% each year.

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Date	Price	Volume	MarketCap

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SatoshiPay @SatoshiPay·

12h

SatoshiPay B2B is now DTransfer. Read the announcement (https://dtransfer.com/blog/dtransfer-instant-b2b-payments), visit https://dtransfer.com and follow @DTransferHQ for instant updates. 😎

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Stellar@StellarOrg·

Reminder: The next #Stellar community meetup is September 29! Everyone is invited! This month the community will get a sneak peak into #Meridian2020 and vote on which ecosystem sessions to include in the agenda.

Register now (it's free):
https://www.stellar.org/events/stellar-virtual-meetup-september-2020

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Retweet on Twitter Stellar Retweeted

Sam Conner @samconnerone·

21 Sep

On @apple @SpotifyUSA @PodcastsGoogle NOW! I sit down w/Michael Cowans of @veloprotocol to discuss:
-The Team
-South East Asian market
-Importance of Financial Inclusion
-Future Roll Out
-Why Stellar over others...and much more.
@Stellarorg #StellarFamily #XLM @lightnetgroup 👇

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Stellar@StellarOrg·

23h

SDF Founder and Chief Architect, @JedMcCaleb, joins @CoinMarketCap in a rapidfire Q&A where he speaks candidly on what it will take for mass adoption of blockchain technology, the importance of due diligence in crypto, his biggest mistakes, and more.

https://blog.coinmarketcap.com/2020/09/20/stellars-jed-mccaleb-crypto-doesnt-need-more-regulation-it-needs-clarity/

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Retweet on Twitter Stellar Retweeted

Kolten @koltenb_·

21 Sep

This week's @StellarOrg updates:

Stablecoins: The Future of Digital Money, more Meridian speakers announced, and a new Polaris release.

https://medium.com/stellar-community/stellar-dev-digest-issue-60-830f1219db41

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Stellar current price is $0.0716.