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Key Facts

Posted on November 22, 2022 by stellar

Stellar is a decentralized protocol on open-source code to transfer digital currency to fiat money domestically and across borders. The Stellar blockchain’s cryptocurrency is called the lumen, a token that trades under the symbol XLM. Stellar is one of the best-performing altcoins of the last five years with a market cap of just over $1…

What Is Stellar?

Posted on November 22, 2022November 22, 2022 by stellar

Stellar cryptocurrency, also called lumens (XLM), is a digital or virtual currency developed by Stellar Development Foundation. It’s traded on various cryptocurrency exchanges and can be used for low-cost, cross-asset transfers of value on the Stellar network– which is a blockchain-based distributed ledger connecting banks, payments systems, and people. Cryptocurrencies are virtual or digital currencies…

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Stellar is a blockchain project founded in 2014 by Ripple co-founder Jed McCaleb and venture capital investor Joyce Kim. At the beginning, Stellar shared a lot of its code with the XRP ledger, but the project has since taken on unique characteristics of its own. However, the XRP and Stellar blockchains are still often compared since they both offer fast and cheap transactions and share some common history. You can read more on this topic in our in-depth article on Stellar (XLM).

STELLAR FACTS

Stellar is a decentralized protocol on open-source code to transfer digital currency to fiat money domestically and across borders.

FACT #2

The Stellar blockchain’s cryptocurrency is called the lumen, a token that trades under the symbol XLM.

FACT #3

Stellar is one of the best-performing altcoins of the last five years with a market cap of just over $1 billion.

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