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What is Stellar (XLM)?

May 10, 2018 By admin_coin

What is Stellar Crypto Currency?
What is Stellar Crypto Currency?
A brief description of Stellar.
Stellar.org connects people to low-cost financial services to fight poverty and develop individual potential.

Stellar Video

The purpose of Stellar 

Low cost Interbank money transfers, Fraud resistant, Easy tracable transfers. remmitances, micro payments, mobile money, mobile branches, Counterfeiting impossible, Fraud resistant, No % based transfer costs

Stellar Abstract

Stellar is a decentralized protocol for sending and receiving money in any pair of currencies. This means users can, for example, send a transaction from their Yen balance and have it arrive in Euros, Yen, or even bitcoin. We’re expecting to support the usual categories of transactions: payments to a merchant, remittances back home, or rent splits with a roommate. You can hold a balance with a gateway, which is any network participant you trust to accept a deposit in exchange for credit on the network. Stellar also comes with a built-in digital currency, referred to as the stellar, which we’re giving away for free. The currency will have value (as determined by the market); however, its primary function is providing a conversion path between other currencies.

More information can be found in the Stellar whitepaper https://www.stellar.org/papers/stellar-consensus-protocol.pdf

Other Stellar facts

  • Trading symbol: XLM
  • Governance: Centralized > Hierarchical
  • Open source: Yes
  • Product status: Fully working product
  • Consensus method: Proof of Work & Proof of Stake
  • Emmission rate: nominal inflation mechanism
  • Transactions per second:  4
  • Total Supply: 103,629,819,514
  • Release date: 2013-07-19

Usefull Stellar links

  • Stellar’s Website
  • Stellar pricing data & fundamental Stellar information
  • Stellar’s Website
  • Stellar official blog
  • Stellar’s Bitcointalk Forum
  • Stellar’s Reddit Forum
  • Stellar’s block explorer
  • Stellar’s Alexa site stats
  • Stellar’s official forum: Unfortunately we don’t have this data available.
  • Stellar’s Github code repository:
    https://github.com/stellar/stellar-core
  • Stellar’s roadmap:
    https://www.stellar.org/blog/roadmap/
  • Stellar’s team page: https://www.stellar.org/about/
  • Stellar’s whitepaper: https://www.stellar.org/papers/stellar-consensus-protocol.pdf

Filed Under: Stellar Tagged With: Altcoin, Crypto, Currency, What is?, XLM

Other questions related to this cryptocurrency:

  • Is Stellar (XLM) Centralized, Decentralized or Semi-Centralized?
  • What is the Consensus method of Stellar (XLM)?
  • All available information on the Stellar (XLM) ICO
  • How can I contact the Stellar (cryptocurrency) team?
  • Who is leading Stellar (XLM) crypto?
  • Where to find Historical trading info and past performance on Stellar (crypto)?
  • Where can I find fundamental analysis of Stellar (XLM)?
  • How to buy Stellar (XLM) cryptocurrency?
  • What is Stellar (XLM)?

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